Outlook 12/03: Stock futures are little changed after the SP500 concluded the first trading session of the month at a record closing high. Investors awaited the October job openings report on Tuesday. It is the first in a salvo of data releases expected this week that can provide insight into the strength of the labor market. The main event will be Friday’s November payrolls report. The data arrives ahead of the Federal Reserve’s policy meeting on Dec. 17-18. Fed funds futures are currently pricing in a nearly 73% probability that the central bank lowers interest rates during its policy gathering. Traders will also monitor Tuesday speeches from Fed Governor Adriana Kugler and Chicago Fed President Austan Goolsbee slated for the afternoon.
ESZ24 (DEC2024): YVAH 6065 YPOC 6062 YVAL 6054 GAP 6067
/ES Plan: Yesterday market closed bullish (PBT 6088), but overnight action looks balanced, moving within previous value, so these're the opening and initial balance options for current session:
