Morning Notes – Monday, March 31, 2025

Directional Bias for the Day: S&P Futures are lower. Moving sideways within a 30-point range around 5570.00 since 5:00 AM. Odds are for a down day with elevated volatility. Watch for a break above 5600.00 for a change of sentiment. The notable economic data due during the day: Chicago PMI (45.5 est.; prev. 45.5) at…