Outlook 06/11: Stock futures rebound as chip stocks bounce, but gain limited as oil rises on Trump comments. Crude futures rose nearly 1% to trade around $90 a barrel after President Donald Trump said that the U.S. will be attacking Iran “VERY HARD TONIGHT.” He also said, “At some point in the not too distant future, we will be taking Kharg Island. The chip stocks rebound came as enthusiasm builds ahead of SpaceX’s debut on Friday, which could highlight the expected growth in the AI buildout ahead. Meanwhile, the producer price index increased 1.1% in May, more than the 0.7% that economists expected. Core inflation, which excludes volatile food and energy prices, stood at 0.4%, below the forecast for 0.5%.
ESM26 (Jun2026): YVAH 7382 YPOC 7330 YVAL 7304 GAP 7271
/ES Plan: Yesterday market closed bearish, but overnight looks bullish (PBT 7432), still moving within previous value, so these're the opening and initial balance options for current session:
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