Outlook 01/10: Stock futures tick lower after a much hotter-than-expected jobs report sent yields spiking as it likely means the Federal Reserve will halt its rate-cutting campaign. Market soured on the latest nonfarm payrolls reading, which showed job growth came out much stronger than anticipated. U.S. payrolls grew by 256,000 in December, while economists expect to see an increase of 155,000. The unemployment rate, which was projected to remain at 4.2%, fell to 4.1% during the month. The market does not expect a rate cut from the central bank at its next meeting later this month, with fed funds futures trading data pricing in only about a 7% chance of a quarter-point cut.
ESH25 (MAR2025): YVAH 5963 YPOC 5953 YVAL 5938 GAP 5958
/ES Plan: Last session market balanced, but overnight, after jobs report, looks bearish, moving below previous value/range, so these're the opening and initial balance options for current session:
