Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 12th of November, here are some things to look out for today.

Sentiment
Stocks slowed their climb on Tuesday, citing signals that the surge had overextended values and as investors awaited news on President-elect Trump’s cabinet appointments.

Since the election, investors have increased their exposure to the US stocks benchmark to its highest level in three years, implying that the rise may have peaked, according to Citi analysts. Traders are also concerned that Trump’s economic measures, such as trade tariffs and immigration crackdowns, could increase inflation and influence the Fed’s monetary policy.

The potential of famous China hawks joining the Trump administration knocked Hong Kong’s Hang Seng Index down as much as 3.3% early on Tuesday.

Docket
11:00 ET
NY Fed Inflation Expectations

11:30 ET
US sells $81 bln 3-Month Bills
US sells $72 bln 6-Month Bills

14:00 ET
US Senior Loan Officer Opinion Survey on Bank Lending Practices

Speakers
09:00 ET
ECB’s Cipollone chairs a panel on financial sanctions at the Global Research Forum on International Macroeconomics and Finance in Frankfurt.

10:00 ET
Fed’s Waller delivers a speech and participates in moderated Q&A at the Clearinghouse 2024 annual conference.
Text and Q&A are expected.
No Webcast

10:15 ET
Fed’s Barkin gives a speech to the Baltimore Together Summit.
Text and Q&A are expected.

14:00 ET
Fed’s Kashkari participates in a moderated conversation with Yahoo Finance, on “The Fed’s New Focus”
No text is expected

17:00 ET
Fed’s Harker speaks on Fintech, AI & the Changing Financial Landscape at Carnegie Mellon University.
Text and Q&A are expected.

Good luck!