Outlook 07/26: Stock futures rise Friday as the major averages head for weekly losses and investors anticipated a reading of the Federal Reserve’s preferred inflation gauge. An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line with forecasts. The year-over-year gain in May was 2.6%, while the monthly measure was unchanged. That data comes at the end of a volatile week. The SP500 is down 1.9% this week, while Nasdaq has lost nearly 3.1%.
ESU24 (SEP2024): YVAH 5497 YPOC 5470 YVAL 5449 GAP 5445
/ES Plan: Yesterday market closed bearish (PBT 5405), but overnight,after PCE data, looks bullish (PBT 5516), still moving within previous value, so these're the opening and initial balance options for today:
