Outlook 05/13: Stock futures are flat early Tuesday following a big rally, as investors digested a softer-than-expected inflation report. The consumer price index, a broad measure of goods and services costs across the U.S. economy, increased 2.3% on an annualized basis in April. Economists expected inflation to remain at a 2.4% rate last month on a year-over-year basis. Excluding food and energy, so-called core inflation ran at a 2.8% annual rate, which matched consensus estimates and was also unchanged from the prior month. After negotiations in Switzerland over the weekend, the U.S. and China reached a deal to cut “reciprocal” tariffs between both countries down to 10%. Treasury Secretary Scott Bessent said that he expects to meet once again with representatives from Beijing in the “next few weeks” to start ironing out a bigger agreement.
ESM25 (JUN2025): YVAH 5863 YPOC 5852 YVAL 5826 GAP 5864
/ES Plan: Yesterday market closed bullish (PBT 5930), but overnight action looks balanced, moving a few ticks above previous value, so these're the opening and initial balance options for current session:
