Outlook 06/17: Stock futures move lower on Tuesday as investors pored through the latest developments in the Middle East, with the conflict between Israel and Iran raging on. On Monday evening, President Donald Trump said in a Truth Social post that “Everyone should immediately evacuate Tehran.” Trump also left the G7 summit in Canada early to deal with the situation in the Middle East. SP500 is coming off a positive session on Monday despite the brewing conflict in the Middle East. An analysis of 25 geopolitical shocks dating back to the Pearl Harbor attack in 1941 showed that stocks have been resilient in these scenarios. Total drawdowns around these events have averaged 4.6% over an average of roughly 19 days. On the economic front, retail sales for May came in weaker than expected. Retail sales fell 0.9% for the period, lower than forecast for a 0.6% fall.
Rollover ESU25 (SEP2025): YVAH 6102 YPOC 6091 YVAL 6081 GAP 6094
/ES Plan: Yesterday market closed bullish (PBT 6180), but overnight, after Retail Sales looks bearish, moving below previous value, so these're the opening and initial balance options for current session:
