Outlook 09/10: Stock futures turn higher as traders await inflation data and presidential debate. Traders have their eyes on two key economic reports that will likely be the next catalysts for stocks. The consumer price index report for August is due out Wednesday, followed by the producer price index on Thursday. September is historically a weak month for equities. Investors remain cautious about seasonality’s effect on stock performance as well as uncertainty around the approaching U.S. presidential election on Nov. 5.
ESU24 (SEP2024): YVAH 5481 YPOC 5468 YVAL 5455 GAP 5482.50
/ES Plan: Yesterday market closed bullish (PBT 5530), and overnight continues on that way, moving above previous value/range, so these're the opening and initial balance options for today:
