Outlook 04/08: U.S. stock futures inch higher as SP500 tries to rebound from last pullback. The market did end last week on a positive note, after a stronger-than-expected jobs report Friday. The surprising gain in payrolls gave investors hope that a strong economy could continue to support corporate earnings growth, even if it means higher interest rates for longer. For further clarity on how successful the Federal Reserve’s fight against inflation has been, investors are eagerly waiting for readings for March consumer and producer price indexes later this week. Economists expect the CPI number, scheduled for released Wednesday, to increase 0.3% last month and 3.5% year over year.
/ESM24 (JUN 2024): YVAH 5268 YPOC 5250 YVAL 5222 GAP 5250.50
/ES Plan: Last session market closed bullish (PBT 5308), and overnight continues on that way, still moving within value, so these're the opening and initial balance options for today:
