Outlook 01/12: Stock futures fell Monday after the Department of Justice opened a criminal investigation into Federal Reserve Chair Jerome Powell, an apparent escalation by President Donald Trump in his attempt to pressure the central bank. Powell confirmed in an unusual direct video statement Sunday evening that federal prosecutors have opened a criminal investigation related to his Senate Banking Committee testimony on the renovation of Fed office buildings. The market has seen this before and doesn’t like it. It’s not about Powell at this point, it’s about the independence of the Fed, so when news like this hits, the reaction is to sell off.
ESH26 (Mar2026): YVAH 7017 YPOC 7004 YVAL 6982 GAP 7004
/ES Plan: Last session market closed bullish (PBT 7045), but Sunday's reopening looks bearish, moving below previous value, so these're the opening and initial balance options for current session:
