Outlook 08/04: Stock futures are rebounding after the post-jobs slump on Friday, but sentiment turned notably last week as investors were forced to confront stagflationary economic data (soft jobs and the relatively hot PCE) and a CQ2 earnings season that finished off on a mixed note after starting strong. Investors are now digesting what a weakened U.S. labor market could mean for the weeks ahead. Traders are expecting reduced chances for a September interest rate cut after policymakers last week held the benchmark overnight borrowing rate in place for the fifth-straight meeting. The market is also bracing for a historically weak month. August is the worst month for the Dow Jones Industrial Average in data going, and the second worst for the SP500 and Nasdaq Composite.
ESU25 (SEP2025): YVAH 6285 YPOC 6265 YVAL 6250 GAP 6268
/ES Plan: Last session market closed bearish (PBT 6164), but Sunday's reopening looks bullish (PBT 6350), moving above previous value, so these're the opening and initial balance options for current session:
