Outlook 04/09: U.S. stock futures are little changed as investors awaited Wednesday’s consumer price index report for more insight into how the Federal Reserve’s rate policy has been affecting inflation. Economists expect inflation to have increased 0.3% in March. If CPI is a surprise and that continues to reprice inflation expectations higher, it becomes dangerous for stocks. In addition to Wednesday’s release of the CPI, the Federal Reserve’s minutes from its March meeting are also slated for that day.
/ESM24 (JUN 2024): YVAH 5260 YPOC 5255 YVAL 5249 GAP 5257.50
/ES Plan: Yesterday market closed balanced, but overnight breaks yesterday range, moving above yesterday value/range, so these're the opening and initial balance options for today:
