Morning Juice – US Session Prep

Good Morning Traders
It is Monday the 9th of September. Here is what to look out for today.

Sentiment
Stocks recovered partially on Monday after a selloff prompted by slowing US job growth, leaving economists and traders divided on how aggressively the Fed will lower interest rates.

Nasdaq 100 futures rose roughly 1% after the real index fell sharply last week, the most since November 2022. Bonds reversed some of their recent gains, with the 10-year Treasury yield rising 5 basis points, the first increase in five days.

US statistics released Friday showing weaker payroll growth bolstered the perception that the labour market is weakening, sending stocks tumbling. Traders reacted by raising their bets for a Fed rate decrease of 50 basis points this month.

Docket
10:00 ET
US Wholesale Inventories MoM for July
Median Forecast: 0.3% | Prior: 0.3% | Range: 0.3% / 0.2%

11:30 ET
US Sells $76 Bln in 3-Month Bills at Auction
US Sells $70 Bln in 6-Month Bills at Auction

15:00 ET
US Consumer Credit for July
Median Forecast: 11.2B | Prior: 8.934B | Range: 23.1B / 9.1B

Good luck!