Morning Juice – US Session Prep

Morning, Traders!
It is Friday the 26th of January, here are some things to look out for today.

Sentiment
A bleak earnings forecast from Intel has put the Nasdaq 100 index on track for a lower open, after a six-day rally fueled by a strong earnings season and hopes for lower interest rates.

Contracts on the Nasdaq and the S&P fell.
Intel led the decline, falling 12% in premarket trading after its earnings projections missed expectations and revealed weak demand in the lucrative data center chip market.
Advanced Micro Devices and Nvidia have also retreated.

Docket
08:30 ET
US PCE Price Index for December
YoY – Median Forecast: 2.6% | Prior: 2.6% | Range: 2.7% / 2.4%
MoM – Median Forecast: 0.2% | Prior: -0.1% | Range: 0.5% / 0.1%
Core YoY – Median Forecast: 3% | Prior: 3.2% | Range: 3.3% / 2.9%
Core MoM – Median Forecast: 0.2% | Prior: 0.1% | Range: 0.3% / 0.1%

Consumer Spending for December
Median Forecast: 0.5% | Prior: 0.2% | Range: 0.7% / 0.2%

Good luck!