Outlook 08/30: Stock futures rise Friday as investors looked to end a volatile month of trading on a high note, while assessing crucial inflation data closely watched by the Federal Reserve. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, rose 0.2% on a monthly basis and 2.5% from a year ago, coming in line with estimates from economists. Excluding food and energy, it also rose 0.2%. The Fed keeps a close eye on this metric, and it could still influence policymakers’ rate decision in September. As August’s trading winds down, the SP500 is on pace for a nearly 1.3% gain during the month. The major averages suffered a steep sell-off at the start of August, with the SP 500 losing as much as 7.3% before recovering.
ESU24 (SEP2024): YVAH 5662 YPOC 5651 YVAL 5618 GAP 5617.75
/ES Plan: Yesterday market closed bearish, but overnight looks more bullish (PBT 5654), moving within previous value, so these're the opening and initial balance options for today:
