Outlook 06/05: Stock futures jump after Chinese state media says Trump and Xi held call. Moments ago China's state media Xinhua reported that the two world leaders had in fact just held a phone call, and engaged in discussions reflecting ongoing diplomatic communication amidst tensions. While we now await Trump to comment on his Truth Social account what all that was about, futures aren't waiting and spoos quickly spiked above 6,000, rising as high as 6016 and on the verge of pushing the SP500 into a bull market. Jobless claims last week came in at 247,000, an increase of 8,000 from the week before and more than the 236,000 expected. This comes one day after an estimate of private sector payrolls rose by just 37,000 in May, coming in sharply below forecast for 110,000 and raising investors worries about a softening job market and the impact on the economy.
ESM25 (JUN2025): YVAH 5997 YPOC 5994 YVAL 5984 GAP 5978
/ES Plan: Yesterday market closed balanced, but overnight, after Trump-Xi call looks bullish, still moving within previous value, so these're the opening and initial balance options for current session:
