Morning Juice – US Session Prep (24th February)

Sentiment
S&P 500 futures lost 0.3% of their gains. The benchmark plummeted 1% the previous session after Citrini Research published a paper outlining probable AI-fueled structural disruptions. Nasdaq 100 contracts rose 0.2%, while AMD surged 11% in premarket trading after signing a data-centre equipment deal with Meta.
The so-called AI Scare trade has emerged as a major trend in stock markets, with selling spreading beyond software to insurance brokers, private credit, and even real estate. The flight is one of several developments taking place beneath the surface of a US market that will remain mostly unchanged in 2026 after years of technological improvements.
Traders are also dealing with a number of other issues, including trade uncertainties and rising tensions between the United States and Iran. Tuesday’s focus will be on President Donald Trump’s State of the Union address, as well as consumer statistics, which fell to its lowest level since 2014. Meanwhile, Anthropic PBC will demonstrate their artificial intelligence enterprise agents.

Docket
10:00 ET
US CB Consumer Confidence for February
Forecast: 87 | Prior: 84.5 | Range: 97.2 / 83

13:00 ET
US sells $69 bln 2-Year Notes
Prior High Yield: 3.58%
Prior Bid-to-cover: 2.75

Speakers
08:00 ET
Fed’s Goolsbee speaks at annual NABE economic policy conference.
Text TBD. Q&A: Yes, moderator.

09:00 ET
Trump participates in Executive Time
Closed Press Event

09:00 ET
Fed’s Collins gives opening remarks at conference on finance and payments at the Federal Reserve Bank of Boston.
Text: TBD. Q&A: TBD.

09:00 ET
Fed’s Bostic speaks in a moderated discussion with Marketplace host Kai Rysdal on monetary policy and economic outlook.
Text: No. Q&A: Yes, moderator.

09:15 ET
BoE’s Governor Bailey, & MPC Members Pill, Greene, & Taylor give evidence on the latest Monetary Policy Report, to Members of Parliament on the Treasury Committee.

Fed’s Waller speaks at conference on finance and payments Federal Reserve Bank of Boston. Text: yes; Q&A: Yes with moderator

09:30 ET
Fed’s Cook participates in panel on AI at annual NABE economic policy conferernce.
Text: Yes. Q&A: Yes, moderator.

Fed’s Goolsbee speaks in TV interview

12:30 ET
Trump participates in the Annual State of the Union Luncheon Closed Press Event

SNB’s Chairman Schlegel Speaks

12:45 ET
ECB’s Lagarde Speaks in Frankfurt

15:15 ET 
Fed’s Barkin & Collins appear on a panel at a conference on finance and payments at the Federal Reserve Bank of Boston.
Text: TBD. Q&A: TBD

Good luck!