Morning Juice – US Session Prep

Morning, Traders!
It is Friday the 8th of November, here are some things to look out for today.

Sentiment
US equity futures fell as the market reversed some of the gains made following the risk-on craze that followed Donald Trump’s election as US president.
US Treasuries gained ground, recovering a large portion of their post-election declines.

After the Federal Reserve announced a quarter-point interest-rate cut and left the door open for additional easing next month, bonds experienced some respite.
Prior to the decline in S&P 500 contracts, the US benchmark was poised for its best week in a year due to the possibility of Trump-led tax cuts and deregulation.

When Trump won the election on Wednesday, US equity funds brought in $20 billion, the largest daily addition in five months, according to strategists at Bank of America.
In the week ending November 6th, the total value of US stock funds increased by $32.8 billion.

Docket
08:30 ET
Canadian Employment Situation for October
Employment Change – Median Forecast: 27.2K | Prior: 46.7K | Range: 69.1K / 0
Unemployment Rate – Median Forecast: 6.6% | Prior: 6.5% | Range: 6.7% / 6.4%

10:00 ET
University of Michigan Survey November Prelim
Sentiment – Median Forecast: 71 | Prior: 70.5 | Range: 73.5 / 68
1-Year Inflation Expectations – Median Forecast: 2.7% | Prior: 2.7% | Range: 2.8% / 2.6%
5-Year Inflation Expectations – Median Forecast: 3% | Prior: 3% | Range: 3% / 2.9%

Speakers
11:00 ET
Fed Governor Bowman speaks on banking topics at the University of Mississippi School of Business Banking and Finance Symposium.
No text is expected, but there will be a Q&A.

Good luck, and have a good weekend!