Outlook 03/14: U.S. stock futures remained in the green on Thursday despite a hotter-than-expected wholesale inflation reading. February’s producer price index, a measure of wholesale inflation, advanced 0.6% last month. Excluding food and energy prices, core PPI climbed 0.3% in February, compared to an estimate from economists that forecast headline PPI increased by 0.3% in February, or 0.2% for the core reading. The PPI report is the last major piece of economic data to be released prior to the Federal Reserve’s upcoming policy meeting, set for March 19-20.
/ESM24 (JUN 2024): YVAH 5242 YPOC 5236 YVAL 5232 GAP 5235.75
/ES Plan: Yesterday market closed balanced, but overnight looks more bullish, moving above value, so these're the opening and initial balance options for today:
