The Market Brief
Stock futures trimmed earlier losses as investors explored opportunities in other regions, following this month's strong rally in U.S. equities.
Let’s recap yesterday’s session and look ahead to what’s next!
Impact Snapshot
🟥 Manufacturing/Services PMI - 9:45am
🟥 Consumer Sentiment - 10:00am
Macro Viewpoint
U.S. stock index futures initially edged lower on Friday as investors showed caution ahead of a business activity survey. Geopolitical tensions between Ukraine and Russia also kept the market on edge.
Investors are eyeing the S&P business activity survey, due at 9:45 a.m. ET. Forecasts suggest services will stay in expansion, while manufacturing may remain in contraction.
Despite Friday's dip, the major indexes are set to end the week higher. Optimism persists over potential corporate benefits tied to Donald Trump’s tax and tariff policies after his election win.
Expectations for the Federal Reserve's December decision are fluctuating between a pause and a rate cut, as investors assess how Trump's policies might affect inflation.
Prior Session Deep Dive
Thursday’s session was one of those days that could have either made you a great profit or completely put you underwater if you misinterpreted what the market was trying to do throughout the session.
We always emphasize that these daily prior-session deep dives are an ongoing course, showcasing our frameworks and references as they are applied to real markets. We provide both a before-and-after outlook to give you insight into the thought process we use when building them.
Building a solid market narrative that aids your trading decisions requires having a clear vision of potential outcomes.
This includes understanding what might happen if the market breaks through a certain area and, conversely, what the absence of such a breakout could lead to.
The chart above includes our market references, the scenario we were anticipating, and comments on what we observed as the day unfolded. This is intended to help you visualize how the events progressed and where the session ultimately concluded.
