Outlook 09/09: Stock futures rise Monday as market rebounds from worst week of the year. Stock market suffered serious losses to kick off its first trading week of September, a historically tough month for equities. The SP500 tumbled 4.3%, registering its worst week since March 2023. These declines came after the August jobs report stoked fears of a slowing labor market. This week, investors will watch out for two key inflation reports that could further inform the Federal Reserve’s decision at its next open market committee meeting. August’s consumer and producer price reports are slated for release on Wednesday and Thursday morning, respectively.
ESU24 (SEP2024): YVAH 5477 YPOC 5420 YVAL 5411 GAP 5415.50
/ES Plan: Last session market closed bearish (PBT 5369), but reopening looks bullish (PBT 5500), moving within previous value, so these're the opening and initial balance options for today:
