Outlook 09/05: Stock futures tick higher despite a weak August jobs report as traders bet the data would lead the Federal Reserve to cut rates later this month. The August jobs report saw the U.S. economy add 22,000 jobs on the month. That’s below the 75,000 expected. The unemployment also rose to 4.3%, in line with expectations. Traders are hoping the reading will lend support to the Fed’s case to go ahead with an expected rate cut at its September policy meeting. Fed funds futures trading suggests that benchmark interest rates will likely move a quarter percentage point lower when the central bank makes a decision on Sept.17. Not only that, traders put a half-point cut in play for mid-month following the payrolls data, per the FedWatch tool. That’s up from a zero chance of a super-sized cut the day before.
ESU25 (SEP2025): YVAH 6494 YPOC 6467 YVAL 6456 GAP 6515
/ES Plan: Yesterday market closed bullish (above value) and overnight continues on that way, moving well above previous value/range, so these're the opening and initial balance options for current session:
