Outlook 02/15: U.S. stock futures rise slightly as market rally seeks to regain momentum. Investors received another update about the state of the U.S. economy on Thursday, with January retail sales plunging 0.8%, much more than the 0.3% expected. This raised some concern about the strength of the U.S. consumer under the weight of sticky inflation and high interest rates, and sent Treasury yields down. Stocks rallied on Wednesday but did not erase all of the losses from Tuesday’s sell-off. The SP500 recaptured the 5,000 level, closing slightly above it. Investors are weighing whether the Federal Reserve can bring down inflation without derailing an economy that keeps surprising to the upside.
/ESH24 (MAR 2024): YVAH 5001 YPOC 4990 YVAL 4980 GAP 5018.25
/ES Plan: Yesterday market closed bullish, but overnight looks more balanced, still moving above value, so these're the opening and initial balance options for today:
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