Outlook 07/03: Stock futures tick higher after a better-than-expected June jobs report. Nonfarm payrolls rose by 147,000 in June. That’s above the Dow Jones forecast from economists for 110,000 and the upwardly revised 144,000 in May. The unemployment rate also fell to 4.1%, while economists had projected an increase to 4.3%. Market gains were contained as the strong jobs report also spurred a big spike in Treasury yields and reduced expectations for the Federal Reserve to cut interest rates soon. Fed funds futures traders are currently pricing in a roughly 93% chance that the central bank will hold rates steady at its meeting later this month. Despite of NFP good numbers, keep in mind that govt numbers always revise down in a few months lately. Guess we will know in 6 months.
ESU25 (SEP2025): YVAH 6275 YPOC 6265 YVAL 6255 GAP 6273
SPX Strikes Call Wall 6200 (/ES 6250) Put Wall 6270 (/ES 6320)
/ES Plan: Yesterday market closed bullish (PBT 6296), and overnight printed a new ATH, moving above previous value/range, so these're the opening and initial balance options for current session:
