Rise and shine everyone.

It’s Super Tuesday in the US - when most states vote in the presidential primary calendar. The most anticipated contests are happening in California, Texas, Minnesota, North Carolina and Alabama.

On the macro data front, we have the US ISM Services PMI in focus today. Last month, the services number surprised to the upside with strong readings across prices, new orders, and employment. Another strong result this month could fuel concerns around sticky core services inflation.

A few retailers reporting today - Target just reported before market open. Beat on EPS, miss on Revenues;  guides Q1 EPS in-line; guides FY25 EPS in-line - Stock is trading over 7% higher in the pre-market.

Pre-market trading is not looking great here as the entire Mag 7 opens lower. Curiously, yields are also pulling back while the US Dollar remains flat. Gold is higher while Crude oil and Bitcoin falling from previous highs.

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