Outlook 02/28: Stock futures rise Friday after the latest personal consumption expenditures price index came in-line with expectations. Meanwhile, the major averages were headed toward a losing week and month. The latest PCE reading showed that inflation eased slightly in January. The PCE price index, which is the Federal Reserve’s preferred inflation measure, increased 0.3% for the month and 2.5% on an annual basis. Core PCE, which excludes volatile food and energy prices, also rose 0.3% for the month and 2.6% year-over-year. The numbers all came in as expected. The SP500 has declined 2.5% for the week and around 3% in February. The broad market index is on track for its worst week since September 2024 and biggest monthly decline since April 2024.
ESH25 (MAR2025): YVAH 6010 YPOC 5970 YVAL 5934 GAP 5879
/ES Plan: Yesterday market closed bearish, but overnight, after PCE, still looks bullish (PBT 5920), moving below previous value, so these're the opening and initial balance options for current session:
