The Market Brief
U.S. futures hover near flat during early trading on Friday after tame inflation and signs of cooling jobs market fueled a Wall Street rally.
Impact Snapshot
🟥 Consumer Sentiment - 10:00am
🟥 Inflation Expectations - 10:00am
Macro Viewpoint
Wall Street rallied after a softer inflation report and further evidence of a cooling job market fueled expectations that the Federal Reserve could deliver its first interest rate cut of the year.
As noted in our pre-market brief yesterday, the outcomes were skewed positively as the market marched toward new all-time highs after the report.
Meanwhile Retail net purchased $5.9B this week, slightly above the 2-month avg. Retail activity in options remained elevated, with retail traders net buying $716M of delta and selling $72B of gamma.
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