Outlook 09/24: Stock futures rise slightly near record high. Move is modest but appeared to be a continuation of last week’s rally after the Federal Reserve cut interest rates by a half percentage point. The fed funds rate now sits at a range of 4.75% to 5%. While traders have cheered the outsized rate reduction, the market will likely experience heightened volatility over the coming weeks. Traders will mull over fresh economic data on Tuesday, with the Conference Board’s consumer confidence reading for September due. The Richmond Fed manufacturing index for this month will also be out in the morning
ESZ24 (DEC2024): YVAH 5779 YPOC 5772 YVAL 5768 GAP 5776
/ES Plan: Yesterday market closed bullish, and overnight continues on that way, moving above previous value, so these're the opening and initial balance options for today:
