Morning Juice – US Session Prep (6th January)

Sentiment
US equities paused after a strong start to the New Year, highlighting a shift in leadership away from megacaps as gains broadened and investors waited for clearer signals on the health of the US economy.
Stock futures pointed to a flat open, tempering the AI-driven surge seen in early 2026. Outside the US, momentum remained stronger: European equities edged higher, Asian markets extended a historic rally, and emerging-market stocks climbed to a second straight record.
Commodity moves were mixed, with gold little changed after early gains, silver outperforming, copper paring a sharp rally, and Brent crude edging toward $62 a barrel.

Despite lingering geopolitical tensions tied to Venezuela, equity investors remain focused on the durability of the three-year bull market, with confidence in US stocks still firm even as international markets lead early performance.
Surveys show most investors expect the S&P 500 to extend its run after three consecutive years of double-digit gains, supported by technical indicators suggesting US equities are not yet overstretched.
Attention now turns to incoming business and labor-market data to test expectations for further Fed easing. In rates, Treasuries retraced part of Monday’s rally, with the 10-year yield rising to 4.18% after earlier gains driven by weak US manufacturing data.

Docket
09:45 ET
US S&P Services PMI December Final
Forecast: 52.9 | Prior: 52.9 | Range: 53 / 52.9

Speakers
08:30 ET
Fed’s Miran Speaks on Fox Business

10:00 ET 
Trump delivers remarks at the House GOP Member Retreat

13:00 ET
Nvidia’s CEO Huang Speaks on BTV

14:30 ET
Trump Participates in Policy Meeting
[Closed Press]

Good Luck!