Outlook 07/08: Stock futures are flat Monday as investors await key inflation data for further clues on the longevity of this year’s market rally. Earnings from some major financial giants and consumer companies are also on the docket. The SP500 is coming off its fourth positive week in the last five amid ongoing optimism that easing inflation, and any pockets of weakness in the economy later this year, could lead to a Federal Reserve interest rate cut. The June consumer price index, which will be released Thursday, could bolster those hopes if the headline number shows a slight improvement, as currently expected. Producer price index data will be released Friday.
/ESU24 (SEP2024): YVAH 5616 YPOC 5592 YVAL 5585 GAP 5619.25
/ES Plan: Last session market closed bullish, and overnight reopening continues on that way, moving above previous value, so these're the opening and initial balance options for today:
