Outlook 06/03: Stock futures slip after SP500 kicks off June with a modest gain. Tuesday’s declines follow the Organization for Economic Co-operation and Development cutting its U.S. growth outlook. The OECD now sees the U.S. economy expanding by just 1.6%, down from 2.2%. Concerns over the state of the U.S. economy have grown this year as trade tensions with other countries, especially China, heighten. Beijing countered President Donald Trump’s accusations that it had violated a temporary trade agreement. Investors had grown hopeful that the two countries could work out a trade deal, but this latest development points to negotiations taking a turn for the worse. Meanwhile, the European Union criticized Trump’s intention to double steel tariffs to 50%, saying that such a move “undermines” its own negotiations with the U.S. An EU spokesperson said that the bloc was “prepared to impose countermeasures.”
ESM25 (JUN2025): YVAH 5925 YPOC 5911 YVAL 5880 GAP 5951
/ES Plan: Yesterday market closed bullish, but overnight looks bimodal bullish, moving above previous value, so these're the opening and initial balance options for current session:
