Outlook 11/05: Stock futures rise slightly as Wall Street readies for presidential election. The results could have a significant effect on where stocks end the year, but investors may want to brace for some near-term choppiness. Statistics data going back to 1980 suggests the major averages gain between Election Day and the end of the year, but typically fall in the session and week after. Uncertainty over the results could lead to even more shakiness in the market. Beyond the election, investors await the Federal Reserve’s November rate decision due Thursday and fresh commentary from Chair Jerome Powell on the central bank’s policy moves going forward. Traders are pricing in 98% odds of a quarter-point cut following September’s half-point reduction.
ESZ24 (DEC2024): YVAH 5762 YPOC 5752 YVAL 5739 GAP 5747
/ES Plan: Yesterday market closed balanced, and overnight continues on that way, moving within previous value, so these're the opening and initial balance options for today:
