Outlook 02/26: Stock futures rise Wednesday following a fourth-straight day of losses for the SP500. Investors are also awaiting earnings from market bellwether Nvidia. Economic data due on Wednesday include new home sales and building permits. The main event for investors will be the release of the personal consumption expenditures price index on Friday. The PCE is the Federal Reserve’s preferred inflation gauge. Nvidia’s fourth-quarter earnings, due after the closing bell Wednesday, could be the next catalyst for the market. The report arrives at a pivotal time for Nvidia. The emergence of DeepSeek raised questions about the sustainability of the once-hot artificial intelligence trade. The chip giant and other momentum plays are also showing signs of fizzling, with Nvidia down more than 5% in 2025.
ESH25 (MAR2025): YVAH 5989 YPOC 5976 YVAL 5945 GAP 5977
/ES Plan: Yesterday market closed balanced, but overnight looks bullish (PBT 6018), moving above previous value, so these're the opening and initial balance options for current session:
