Outlook 04/11: U.S. stock futures are slight bullish after wholesale inflation data. The producer price index reading for March came in below estimates, providing some relief after Wednesday’s selloff on a faster-than-expected rise in prices for consumer goods and services. Wholesale prices rose 0.2% in March, while economists expected 0.3% growth. Market sold off Wednesday as investors assessed a hot March consumer price index reading that fueled worries the Federal Reserve may implement fewer rate cuts than expected. Minutes from the Fed’s meeting last month also showed that some officials remain concerned about inflation’s path toward the central bank’s 2% goal.
/ESM24 (JUN 2024): YVAH 5212 YPOC 5205 YVAL 5192 GAP 5198
/ES Plan: Yesterday market closed bearish (PBT 5136), but overnight, after CPI, looks more bullish, moving above yesterday value, so these're the opening and initial balance options for today:
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