Outlook 09/30: Stock futures edge lower to kick off final session of a strong month and quarter. Monday marks the final trading day for September and the third quarter, which are both on track to conclude with gains despite some pain points. Markets had a rough start to what is historically the weakest month for the stock market, but rebounded as September went on with Federal Reserve cutting interest rates by a super-sized half point. Month to date, the SP500 are now up 1.8%. Looking ahead, October has a troubling history for markets. It’s known as a time of extreme volatility with some of the bigger drawdowns occurring during the month. Still, investors are excited about equities into the final stretch of the year after their rallies thus far.
ESZ24 (DEC2024): YVAH 5808 YPOC 5798 YVAL 5788 GAP 5790
/ES Plan: Last session market closed bearish, and overnight continues on that way, moving below previous value/range, so these're the opening and initial balance options for today:
