Outlook 06/04: Stock futures pared back gains on Wednesday after private sector hiring hit its lowest level in more than two years, raising concerns trade policy uncertainty could be weighing on the economy. A report from payrolls processing firm ADP showed that payrolls increased only 37,000 for the month, less than the downwardly revised 60,000 in April and below the consensus forecast of 110,000 that economists were expecting. The report casts a pall over Friday’s all-important government nonfarm payrolls report, which economists currently expect to show an increase of 125,000 jobs for May. President Donald Trump blasted Federal Reserve Chairman Jerome Powell right after the ADP numbers came out, saying “Too Late Powell” should cut rates.
ESM25 (JUN2025): YVAH 5992 YPOC 5980 YVAL 5954 GAP 5978
/ES Plan: Yesterday market closed bullish (PBT 6052), but overnight, after ADP report looks bimodal, moving within previous value, so these're the opening and initial balance options for current session:
