Outlook 07/15: Stock futures tick higher on Wednesday, led by gains in chipmakers, though gains were kept in check as tensions between Iran and the U.S. remained elevated. The produce price index dropped 0.3% in June. Economists expected the measure to be unchanged on the month. The probability of a rate hike at the central bank’s July meeting fell to 17% from 42% a day earlier, however, continue to price in an increase later this year, with traders assigning a 63% probability that rates will be a quarter or half-percentage point higher following the September meeting. Fed Chair Warsh speaks at 10am so be aware that the action will most likely be erratic and hard to predict this morning, same as the last two days.
ESU26 (Sep2026): YVAH 7597 YPOC 7589 YVAL 7573 GAP 7589
/ES Plan: Yesterday market closed balanced, but overnight, after PPI, looks bullish, still moving within previous range, so these're the opening and initial balance options for current session:
Questions via private twitter direct message (RTH)
