Morning Notes – Friday, August 30, 2024

Directional Bias for the Day: S&P Futures are higher at 9:00 AM – moving sideways since 3:20 AA around 5625.00 The odds are for a sideways day – watch for a break above 5639.75 or a break below 5616.75 for clarity. The economic data due during the day: Core PCE (0.2% vs. 0.2% est.; prev.…