RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

Stock futures are looking strong on this first trading day of the month, the bullish outlook is based on continuing optimism in the U.S.-China trade deal.  It appears that trade negotiators are working on a final draft which could be signed in a few weeks.  There is a 150-page document being prepped, but Treasury Secretary, Steve Mnuchin, cautioned that there is “more work to do”.  Helping fuel the gains this morning were positive earnings reports and relatively tame inflation data. Gap Inc, Foot Locker, Puma, Novavax, and Funko all beat the streets estimates Friday morning.  The personal consumption expenditures (PCE) price index, one of the Feds preferred inflation measure, rose .02 % and 1.9% on a monthly and yearly basis which matched the analysts’ estimates.  Moderate inflation and slowing domestic economic growth will support the Fed’s patient stance on raising interest rates this year. Support today coming in at 2790 with some key resistance around 281500.

E-Mini S&P 500 Mar ’19 Daily Chart

E-Mini S&P 500 Mar '19 Daily Chart

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Jeff Yasak

Senior Market Strategist
Since leaving the corporate world in 1995, Jeff has established a name for himself as a trusted financial advisor and trading advocate—leveraging his studies in finance from the University of Wisconsin-Madison and Loyola University, 25+ years of experience, and a passion for the industry to guide both novice and experienced traders in pursuit of achieving their own financial reward. Jeff began his career as a clerk in the S&P 500 pit at the Chicago Mercantile Exchange—fostering a deep interest in the options market that eventually drove him into the retail futures sector where he spent several years as a broker’s assistant before taking on clients of his own. Operating at the intersection of strategy and success, Jeff seeks to establish meaningful relationships with clients—synthesizing financial data and offering timely insight that informs critical decision-making surrounding money management and trading activities. Well-versed in the futures, securities, equities, and indices markets, Jeff is uniquely positioned to direct his clients to success. With a carefully cultivated combination of experience and expertise, he is able to connect with clients to better understand their goals and offer sound financial guidance that delivers notable bottom-line results.
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