Outlook 08/01: Stock futures under pressure on Friday to kick off August trading as investors weighed stark signs of a weakening economy and President Donald Trump’s modified tariff rates. The July jobs report showed nonfarm payrolls expanded by 73,000 last month, lower than 100,000 expected. But the worst data is that prior months were significantly revised down. June job growth totaled just 14,000, down from 147,000. The May count came down to 19,000 from 125,000, signaling the labor market has been weakening for a while now. The numbers increased the odds that the Fed could act sooner than expected to cut rates and prop up the economy, a notion that helped stem stock losses. Traders place the odds of a September rate cut at 63% after the jobs figures.
ESU25 (SEP2025): YVAH 6458 YPOC 6433 YVAL 6390 GAP 6367
/ES Plan: Yesterday market closed bearish, and overnight continues on that way, moving well below previous value/range, so these're the opening and initial balance options for current session:
