Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 9th of July, here are some things to look out for today.

Sentiment
US stocks are poised to reach another all-time high on Tuesday as investors await Federal Reserve Chair Jerome Powell’s testimony to Congress for clues on the US interest rate outlook.

S&P 500 futures rose after the benchmark set its 35th record of the year, just as the second-quarter reporting season began. Contracts on the rate-sensitive Nasdaq 100 were also higher ahead of Powell’s speech.
Treasuries and the dollar remained steady.

Investors will be watching for any hints from the Fed chair about when policymakers will be able to cut interest rates.
A long-awaited shift towards looser policy would give investors with a record $6 trillion in money market funds an incentive to buy bonds and other assets.

Docket
11:30 ET
US sells $46 bln 52-Week Bills

12:00 ET
EIA Short-Term Energy Outlook Report

13:00 ET
US sells $58 bln 3-Year Notes

Speakers
08:30 ET
Fed’s Powell’s speech text is released ahead of his semi-annual testimony.
This is based from historic events.

09:15 ET
Fed Vice Chair for Supervision Barr speaks on financial inclusion at an event in Washington.
Text is expected, but no Q&A.
Watch Live

10:00 ET
Fed Chair Powell testifies in front of the Senate Banking Committee giving the Semiannual Monetary Policy Report to Congress.
Text and Q&A are both expected.
Watch Live

US Treasury Secretary Yellen gives a testimony to the US House on the international financial system.
Watch Live

13:30 ET
Fed Governor Bowman speaks on promoting an inclusive financial system followed by a Q&A at an event in Washington.
Text and Q&A are both expected.
Watch Live

Good luck!