Outlook 12/20: Stock futures fall as market heads for worst week since March 2023. Weighing on sentiment Friday was the failure Thursday night of a Trump-endorsed House Republican measure to fund the government for three months and avert a government shutdown. Without a deal, a partial shutdown is slated to start Friday night. The Federal Reserve indicating this week that the central bank would cut interest rates fewer times next year than traders’ want was the catalyst for the market’s plunge on Wednesday. The Fed said it wants to tread a bit more cautiously with its rate-cutting campaign with inflation remaining stubborn. But investors got a bit of good news on the inflation front Friday that helped ease some of the selling. November’s reading of the personal consumption expenditures price index increased 2.4% year-over-year. That was a tad less than economists expected.
ESH25 (MAR2025): YVAH 5982 YPOC 5963 YVAL 5947 GAP 5932.50
/ES Plan: Yesterday market closed bearish, and overnight continues on that way (PBT-GAP 5820), moving below previous value/range, so these're the opening and initial balance options for current session:
