Outlook 12/12: Stock futures fall after a warm inflation report. The producer price index, which tracks wholesale prices, increased 0.4% last month. Economists expected a 0.2% increase on a monthly basis. This follows November’s consumer price index report, which came in line with economists’ estimates and has led investors to anticipate another rate cut from the Federal Reserve at its policy meeting next week. Fed funds futures trading data reflects a nearly 98% likelihood that central bank policymakers will lower rates next week.
ESZ24 (DEC2024): YVAH 6100 YPOC 6096 YVAL 6083 GAP 6088
/ES Plan: Yesterday market closed bullish, but overnight looks more bearish, moving below previous value, so these're the opening and initial balance options for current session:
