Outlook 08/13: Stock futures are higher early Tuesday as investors parse this week’s first batch of key inflation data. The producer price index, a measure of wholesale prices, increased 0.1% last month. Economists expected the reading to show a monthly gain of 0.2% in July, in line with the previous month’s reading. The PPI encouraged investors ahead of the more widely followed consumer price index out Wednesday morning, which is expected to show an increase of 0.2% last month, up from a 0.1% decline in the prior month. The data could give an uncertain market some direction after last week’s wild moves.
ESU24 (SEP2024): YVAH 5381 YPOC 5369 YVAL 5360 GAP 5369
/ES Plan: Yesterday market closed balanced, but overnight, after PPI data, looks bullish (PBT 5421), moving above previous value/range, so these're the opening and initial balance options for today:
