Morning Juice – US Session Prep

Good Morning Traders.
It is Thursday the 21st of March and here is what to look out for today.

Sentiment
US equities were poised to build on Wednesday’s powerful gains after the Federal Reserve signaled expectations for three rate cuts this year and said inflation eased substantially. Among single stocks in premarket trading, chipmaker Micron Technology soared after giving a surprisingly strong revenue forecast for the current quarter, buoyed by demand for artificial intelligence hardware.

Docket
08:30 ET
Weekly US Initial Jobless Claims
Median Forecast: 213K | Prior: 209K | Range: 220k/205K
Continued Claims
Median Forecast: 1.82M | Prior: 1.811M | Range: 1.92M / 1.793M
US Philly Fed Business Index
Median Forecast: -2.5 | Prior: 5.2 | Range: 6.5 / -12.1

09:45 ET
US S&P Composite PMI Flash
Median Forecast: 52.2 | Prior: 51.8 | Range: 52.5/51.7
US S&P Manufacturing PMI Flash
Median Forecast: 51.8 | Prior: 52.2 | Range: 53/50.5
US S&P Services PMI Flash
Median Forecast: 52 | Prior: 52.3 | Range: 52.6/51

10:00 ET
US Existing Home Sales
Median Forecast: 3.95M | Prior: 4M | Range: 4.33M/53.85M
US Existing Home Sales Change
Median Forecast: -1.3% | Prior: 3.1% | Range: 8.3%/-3.8%

Speakers
12:00 ET
Fed’s Barr participates in a fireside chat in Ann Arbor, MI with students and faculty called “A View from the Fed.”. No text but there will be a Q&A.