Outlook 12/16: Stock futures bounce slightly on Tuesday as traders digested the release of November’s jobs report. November’s jobs report came in better than expected, showing an increase of 64,000 jobs for the month. Economists predicted that nonfarm payrolls would grow by 45,000 in the period. However, the BLS reported that October shed 105,000 jobs. The unemployment rate also increased to 4.6%, which was above the Dow Jones forecast for 4.5%, raising concerns about the state of the U.S. economy. Odds of a Fed rate cut next month ticked slightly higher after the jobs figures, but still showed little chance of another reduction in January. Fed funds futures traders see a 29% chance of a rate cut in January, up from 24% a day ago.
ESH26 (Mar2026): YVAH 6891 YPOC 68812 YVAL 6869 GAP 6881
/ES Plan: Yesterday market closed bearish, but overnight, after NFP, bounce slightly, moving a few ticks below previous value, so these're the opening and initial balance options for current session:
