Outlook 06/16: Stock futures rebound early Monday as investors were optimistic that the conflict between Israel and Iran may remain contained. The spike in oil prices due to the escalating conflict also eased. WTI crude oil futures fell more than 1% to $72.09 a barrel after trading above $77 earlier in the overnight session. Investors will monitor manufacturing survey data due Monday morning, which comes ahead of the Federal Reserve’s interested rate decision on Wednesday. Fed funds futures are pricing in a nearly 100% likelihood of the central bank keeping rates unchanged, even as President Donald Trump has been pressuring Fed Chief Jerome Powell for a rate cut. Higher oil prices from the Middle East conflict likely further reduce the odds the Fed will ease monetary policy anytime soon.
ESM25 (JUN2025): YVAH 6011 YPOC 5982 YVAL 5968 GAP 5988
/ES Plan: Last session market closed balanced, but reopening looks bullish (PBT 6120), moving above previous value/range, so these're the opening and initial balance options for current session:
