Outlook 08/22: Stock futures tick higher Thursday as investors look ahead to commentary from Federal Reserve Chair Jerome Powell expected later this week. This rally leans on minutes from the Fed’s July gathering released Wednesday. They indicated that most participants at the central bank’s meeting said it would “likely” be appropriate to lower the key interest rate at September meeting if data continues to come in as expected. Initial filings for unemployment benefits were a bit higher than expected last week, while the longer-term trend continued to rise. Jobless claims are 232,000 for the last week, up 4,000 from previous period and slightly higher than 230,000 expected.
ESU24 (SEP2024): YVAH 5643 YPOC 5635 YVAL 5627 GAP 5640.25
/ES Plan: Yesterday market closed balanced, but overnight looks bullish, moving above previous value/range, so these're the opening and initial balance options for today:
