The Market Brief
Hey team, after a perfect bounce from yesterday’s LIS at 5767, the market is now in a state of imbalance, seeking fair value after successfully breaching the balance highs.
Let’s recap yesterday’s session, how we signaled this was coming, and what we’re looking for next!
Impact Snapshot
🟥 Final GDP - 8:30am
🟥 Unemployment Claims - 8:30am
🟥 Fed Chair Powell Speaks - 9:20am
Macro Viewpoint
U.S. stock index futures climbed on Thursday, buoyed by a surge of optimism surrounding artificial intelligence. This wave of positive sentiment was sparked by Micron's encouraging forecast, lifting confidence on Wall Street.
Investors are now turning their attention to upcoming economic data and remarks from Federal Reserve Chair Jerome Powell.
Powell is set to speak at a conference in New York, with his comments expected before the market opens.
Another key focus will be on jobless claims data for the week ending Sept. 21, as well as the final second-quarter gross domestic product (GDP) estimate.
Both reports are scheduled to be released at 8:30 a.m. ET, and they could influence the day's trading dynamics.