Outlook 07/01: Stock futures tick higher Monday as the second half of 2024 began. Wall Street is coming off a strong finish to the first half of the trading year. Continued excitement surrounding artificial intelligence and stocks such as Nvidia led the SP500 to a 14.5% gain, while the Nasdaq rallied 18.1%. Some expect this technology-driven momentum to persist at least through the summer, despite some fears that multiples have hit heightened levels. Monday kicks off a holiday-shortened trading week, with the market closed Thursday for Fourth of July. Investors will get a big clue into the state of the labor market Friday with the June jobs report. PMI manufacturing and ISM manufacturing data for June are due out Monday, along with may construction spending.
/ESU24 (SEP 2024): YVAH 5585 YPOC 5559 YVAL 5536 GAP 5531.75
/ES Plan: Last session market closed balanced, and overnight continues on that way, moving a few ticks below previous value, so these're the opening and initial balance options for today:
