Jobs report

Outlook 01/09: Stock futures rise on Friday following the release of the latest jobs report and ahead of a potential U.S. Supreme Court ruling on tariffs. December jobs report showed nonfarm payrolls increasing by 50,000 last month, less than the 73,000 that economists had estimated. That data, though slightly weaker than expected, showed a U.S. economy that’s still trudging along, with investors anticipating that growth will ramp up. Additionally, the unemployment rate inched down to 4.4%, while economists had forecast 4.5%. Traders took that as a sign that improvement in the economy would happen soon. Investors are now awaiting a potential Supreme Court ruling on the legality of President Donald Trump’s tariffs, which could have an impact on trade policy and the nation’s fiscal situation. To be sure, it’s uncertain if the high court will make its ruling Friday.

ESH26 (Mar2026): YVAH 6966 YPOC 6960 YVAL 6954 GAP 6964

/ES Plan: Yesterday market closed bullish, and overnight continues on that way, moving above previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above YHOD 6973 with bullish internals/delta, buy towards ONH 6989 HVE 6995 and PBT 7015 magnet.

B) If market moves below YHOD 6973 with bearish internals/delta, sell towards GAP 6964 and ONL-YVAL-VAR 6954 magnet.

Note: If market opens above value and it begins to trade within value, VAR setup comes in play.

Market Movers

10:00 ET Univ.Michigan Sentiment
10:00 ET Fed’s Kashkari speaks
10:00 ET Supreme Court Opinion on Tariffs
12:00 ET Fed’s Bostic speaks
13:35 ET Fed’s Barkin speaks
14:00 ET Trump meets oil executives

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