Outlook 02/23: U.S. stock futures are slightly higher Friday, after the SP500 and the Nasdaq posted their best day since early 2023. The SP500 added 2.1% for its best day since January 2023, while the Nasdaq popped 3% for its best session since February 2023. Fed Governor Christopher Waller spoke after the close Thursday and underlined the central bank’s position that policymakers will move carefully as they contemplate their next moves on monetary policy. Waller said hot January inflation reads raised the possibility that cuts may have to be postponed. He said he will need to see “at least another couple months” of inflation data before deciding how to proceed.
/ESH24 (MAR 2024): YVAH 5108 YPOC 5097 YVAL 5068 GAP 5094.50
/ES Plan: Yesterday market closed bullish, and overnight continues on that way, moving above value/range, so these're the opening and initial balance options for today:
