Hey team. U.S. futures edged lower following a losing session on Wall Street that snapped a six-day winning streak.
Let’s see what’s ahead for the market!
Macro Viewpoint
Futures edged slightly lower on Tuesday, following a strong rebound in the SPX, which closed higher for a sixth consecutive session after climbing more than 1% from Monday’s intraday lows.
Reports from U.S. intelligence indicated that Israel may be preparing for a potential strike on Iran’s nuclear infrastructure. In response, the dollar, U.S. stock futures, and Treasury yields all pulled back.
These rising geopolitical tensions could introduce new challenges for markets, which had recently found some stability after a turbulent stretch sparked by President Trump’s aggressive tariff policies.
Meanwhile, investors remain focused on whether the recent momentum in equities can hold, as the Federal Reserve adopts a wait-and-see stance, looking for more clarity on economic conditions before adjusting interest rates.