Spy futures stock index is trading within a narrow range

SPY futures stock index is trading within a narrow range as traders await FOMC minutes. Short-term gamma positioning indicates potential for quick directional moves post-release. Editor’s Note: The future prices of benchmark tracking ETFs, and the lede were updated in the story. "The higher rise in service sector inflation we just got ... is suggesting that maybe inflation is going to be more sticky and more elevated," Sløk said. Some analysts caution that stretched valuations could limit upside unless earnings revisions improve.