Outlook 10/01: Stock futures are little changed to start the fourth quarter. The SP500 notched closing records in the previous session after Federal Reserve Chair Jerome Powell said the central bank is “not on any preset course” when it comes to the next steps for rate policy. He said to expect two more cuts this year, a quarter percentage point each, if the economy performs as anticipated. On the economic data front, the U.S. Bureau of Labor Statistics Job Openings and Labor Turnover Survey for August is due Tuesday morning. The SP Global U.S. Manufacturing Purchasing Managers’ Index and the ISM Manufacturing PMI readings are also slated for release.
ESZ24 (DEC2024): YVAH 5800 YPOC 5788 YVAL 5775 GAP 5808
/ES Plan: Yesterday market closed bullish, but overnight looks balanced, moving above previous value, so these're the opening and initial balance options for today:
