Inflation report

Outlook 02/13: Stock futures unchanged on Friday, a day after a downbeat session for the U.S. stock market, as a key consumer inflation report failed to ignite a meaningful rally. BLS reported that the consumer price index rose 0.2% in January, reflecting a gain of 2.4% on an annualized basis. When excluding volatile food and energy prices, core CPI came in line with expectations at 0.3% on the month and 2.5% year over year. This inflation report is a relief for investors rattled by AI disruptions in the stock market. It also offsets this week’s strong payrolls report, giving the Fed a little more reason to lean dovish. However it’s still well above the central bank’s target and does little to move the needle near term. Policy expectations are going nowhere in a hurry.

ESH26 (Mar2026): YVAH 6916 YPOC 6887 YVAL 6842 GAP 6856 

/ES Plan: Yesterday market closed bimodal bearish, but overnight looks balanced, moving within previous value, so these're the opening and initial balance options for current session:

A) If market remains above YLOD-YVAL 6842 with bullish internals/delta, buy towards GAP 6856 magnet YPOC 6887 and YVAH 6916.

B) If market moves below YLOD-YVAL 6842 with bearish internals/delta, sell towards ONL 6820 GAP 6816 magnet and HVEs 6800-6772.

Note: It's 'Capital Preservation Friday'. Try to be calm and focus rather than thinking about your P/L account. Fridays are rebalanced days for funds manager (HFs, PFs, OLs, CTAs) to open or close weekly positions, so last half hour, after CTFC report, we'll see these flows rebalances.

Market Movers

13:00 ET Baker OIl Rig Count

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