Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 25th of February, here are some things to look out for today.

Sentiment
S&P 500 futures fell as the US sought to limit China’s technical lead causing broad drops in chipmaker equities.
Bitcoin fell below $90,000.

Contracts on both the S&P 500 and the Nasdaq 100 hinted to another volatile session, as Nvidia fell in early trade.
ASML and STMicroelectronics both dipped as Trump outlined additional measures to constrain China’s semiconductor industry and asked allies to do the same.

Uncertainty about how the new US administration’s policies would effect global economy and long-standing economic and political relationships has led investors to reduce risk and shift to safe havens such as Treasuries or gold.
Trump signalled Monday that taxes on Mexican and Canadian products will be imposed.

Bonds soared, bringing the 10-year Treasury yield down six basis points to 4.34%.
Bitcoin fell below $90,000, its lowest since mid-November, as investors pulled back from one of the most popular Trump trades.

Docket
10:00 ET
US Conference Board Consumer Confidence
Median Forecast: 102.7 | Prior:  104.1 | Range: 108 / 99.5

13:00 ET
US sells $70 bln 5-Year Notes

Speakers
09:00 ET
BoE Chief Economist Pill delivers the closing remarks at the 2025 Bank of England Agenda for Research Conference.
Registration closed.

11:45 ET
Fed Vice Chair for Supervision Barr will give a speech on financial stability and answer questions at an event hosted by Yale School of Management.
Text and Q&A are expected.
Register Here

13:00 ET
Fed’s Barkin gives speech called “Inflation Then and Now” followed by a Q&A at an event hosted by the to the Rotary Club of Richmond.
Text and Q&A are expected.

Good luck!