Outlook 11/19: Stock futures fall Tuesday as geopolitical tensions weighed on market sentiment and Treasury yields rose as investors flocked to safe haven assets. These declines come after Russian President Vladimir Putin warned the U.S. on Tuesday that the threshold for the use of nuclear weapons had lowered. Under the new doctrine, Russia would consider using such weaponry if it or allies were met with “with the use of conventional weapons that created a critical threat to their sovereignty and (or) their territorial integrity.” The combination of Russia ratcheting up its war rhetoric and uncertainty about how the incoming U.S. presidential administration will respond, is a recipe for stock market volatility. The new stance comes after President Joe Biden allowed Ukraine to use U.S. weapons to strike inside Russia. Futures also took a leg lower on news that Ukraine hit a Russian border city with U.S.-made missiles.
ESZ24 (DEC2024): YVAH 5925 YPOC 5918 YVAL 5904 GAP 5918.25
/ES Plan: Yesterday market closed bullish (PBT 5950), but overnight looks more bearish (PBT 5857), moving below previous value/range, so these're the opening and initial balance options for current session:
