Morning Juice – US Session Prep (5th January)

Sentiment
Gold and the dollar strengthened after the ouster of Venezuela’s President Nicolas Maduro heightened geopolitical risk, even as risk appetite remained firm in equities. Spot gold jumped nearly 2% to above $4,410 an ounce, with silver up more than 3%, while a dollar index headed for its biggest gain in two weeks.
At the same time, technology stocks led equity gains, with Nasdaq 100 futures up 0.7%, chipmakers like Micron and Intel rose more than 3% premarket, and S&P 500 futures climbed 0.3%.

Oil markets were more mixed. Brent crude fluctuated as traders assessed the implications of events in Caracas, while Chevron surged more than 7% alongside broader gains in US oil majors after Trump floated plans for a US-led revival of Venezuela’s energy industry.
The session underscored a dual-track market: demand for safe havens alongside continued enthusiasm for growth assets, with equity investors showing little concern that geopolitical tensions will derail the three-year bull run.

Docket
10:00 ET
US ISM Manufacturing PMI for December
Forecast: 48.4 | Prior: 48.2 | Range: 49.4 / 47.5

11:30 ET
US sells $86 bln 3-Month Bills
US sells $77 bln 6-Month Bills

Speakers
15:30 ET
Trump Participates in Policy Meeting
[Closed Press]

Good luck!