Outlook 06/06: Stock futures jump after stronger-than-expected U.S. jobs report. U.S. payrolls saw an increase of 139,000 in May, coming in above the forecast of 125,000 for the month. That figure is still a bit less than the downwardly revised 147,000 added in April, however. The unemployment rate was also unchanged at 4.2%. May’s jobs report follows a string of data this week that had pointed to an economic slowdown in the country, raising questions about the impact of the multi-front tariff negotiations and the next steps for the Federal Reserve. But under the hood, NFP payrolls is based on a survey and these jobs reports for every single month during Biden and Trump admin have been revised lower, so NFP is no longer a reliable indicator. ADP is probably the better gauge of the underlying trend in employment.
ESM25 (JUN2025): YVAH 5988 YPOC 5977 YVAL 5950 GAP 5950
/ES Plan: Yesterday market closed balanced, but overnight, after jobs report, looks bullish, moving above previous value, so these're the opening and initial balance options for current session:
