Outlook 07/14: Stock futures rise on Tuesday after June inflation data came in weaker than expected. Traders also assessed rising oil prices and a slew of corporate earnings releases. Consumer price index in June came in weaker than expected, falling 0.4% on the month. The annual inflation rate also declined to 3.5%. Economists had called for a 0.2% decline in June, expecting the inflation rate to come in at 3.8%. With easing inflation, expectations that the Federal Reserve would hike interest rates this year reduced following the release. Odds that the central bank would hike rates at its July meeting dropped to 17% from 42% the day prior. However, traders are still expecting a hike at the meeting in September, seeing a 63% chance that the target rate will be a quarter or half point higher.
ESU26 (Sep2026): YVAH 7609 YPOC 7596 YVAL 7569 GAP 7559
/ES Plan: Yesterday market closed bimodal bearish, but overnight, after CPI, looks bullish, still moving within previous value, so these're the opening and initial balance options for current session:
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