Outlook 04/25: U.S. stock futures fell sharply Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. U.S. gross domestic product expanded by 1.6% in the first quarter. Economists forecast GDP growth would come in at 2.4%. Following the GDP print, traders moved down expectations for an easing of Federal Reserve monetary policy. The softer first read of Q1 GDP could shift the Fed’s timetable for initiating the rate easing cycle, with July coming back into play. Meta’s report raises concern ahead of other big tech releases. Microsoft and Alphabet are slated to post earnings after the close Thursday.
/ESM24 (JUN 2024): YVAH 5121 YPOC 5112 YVAL 5097 GAP 5086.25
/ES Plan: Yesterday market closed bearish, and overnight, after GDP report, offers a liquidation break, moving well below yesterday's value/range, so these're the opening and initial balance options for today:
