Morning Juice – US Session Prep (5th May)

Sentiment
The dollar weakened and US equity-index futures dropped, threatening to end the S&P 500’s longest winning streak in two decades, as uncertainty about US trade policy hung over markets.
Crude oil slumped after OPEC+ announced another supply increase.

A gauge of the greenback declined for a second day and contracts for the S&P 500 retreated after Trump said he had no plans to talk to his Chinese counterpart this week, though he signaled trade deals with other unspecified partners could come soon.

Crude oil plunged as much as 5.1% in New York before paring the decline.
Gold advanced, and Treasuries were steady.

Docket
09:45 ET
US S&P Services PMI April Final
Forecast: 51.2, Prior: 51.4, Range: 51.6 / 49.9

10:00 ET
US ISM Services PMI for April
Forecast: 50.3, Prior: 50.8, Range:52.2 / 48.9

11:30 ET
US sells $76 bln 3-Month Bills
US sells $68 bln 6-Month Bills

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

Speakers
11:00 ET
US Treasury Sec. Bessent Speaks

13:00 ET
Trump delivers a Sports Announcement

15:00 ET
Trump signs Executive Orders

15:30 ET
Trump welcomes home a returned Citizen

Good luck!