Outlook 07/22: Stock futures fell on Wednesday, pressured by a rise in oil prices, as investors looked ahead to another busy day of corporate earnings. Traders have kept an eye on oil as they fear it could keep consumer goods prices elevated which may lead the Federal Reserve to raise rates. As of Wednesday morning, fed funds futures traders were pricing in a 27% chance of a rate hike from the Fed this month. Traders were also pricing in a 70% chance of at least a quarter-point hike in September. Earnings take center stage again on Wednesday after the closing bell, with reports due from IBM, Tesla, Texas Instruments and Alphabet. Investors will be watching closely for updates on AI spending, cloud demand, corporate technology budgets and 2nd half outlook.
ESU26 (Sep2026): YVAH 7552 YPOC 7545 YVAL 7520 GAP 7545
/ES Plan: Yesterday market closed bullish (PBT 7594), but overnight looks bearish (PBT 7490), still moving within previous value/range, so these're the opening and initial balance options for current session:
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