Here's what you need to know before
1. A Wall Street chief strategist says US lawmakers need a deal on fiscal aid - even a small one will help save consumer spending. US lawmakers need to decide on a fiscal stimulus package, even if it is a smaller one, to prop up consumer spending, particularly going into the holiday shopping period, Victoria Fernandez, chief market strategist at Crossmark Global Investments told CNBC's"Trading Nation" Tuesday.
2. Markets expect any COVID-19 vaccine approved this year to only be 50% to 60% effective, asset manager Balyasny says. Stock markets are currently pricing in chances of any COVID-19 vaccine approved this year to only be 50% to 60% effective, Bloomberg reported Balyasny Asset Management's Dmitry Balyasny saying.
3. Failure to provide more fiscal stimulus is a 'significant mistake' that could cause more businesses to fail, Moody's chief economist says. Moody's Analytics' chief economist Mark Zandi told Bloomberg TV Tuesday the gridlock in Washington over a new set of measures to help the economy and households is a 'significant mistake."
4. Billionaire investor Howard Marks warns investors should expect the lowest returns in history and the market is vulnerable to 'negative surprises'. Billionaire investor Howard Marks warned investors in his latest memo to expect the lowest returns in history, and said that the market is vulnerable to "negative surprises."
5. Global stocks are mixed. Most Asian stocks closed lower. European stocks are up in the range of 0.1-0.5%. US futures are up between 0.2-0.3%.
6. Earnings coming in. Goldman Sachs Q3 20 and UnitedHealth Q3 20 earnings are due.
7. On the economic front. API Weekly Crude Oil Stock and US Monthly Budget Statement are due.
8. MORGAN STANLEY: Buy these 44 cheap stocks poised to surge as the economy continues to recover and reopening expands. Seven months into the coronavirus pandemic, questions still remain around whether the economy is still headed for a V-shaped recovery. Morgan Stanley's equity strategy team think it's a firm "yes."
9. A fund manager beating 90% of his rivals told us why he actively avoids companies with giant profit margins — and shares 5 stocks he thinks will keep winning for years. One of the best ways to get a struggling stock to turn around is a big improvement in its profitability. After all, one reason investors love tech stocks is that they're remarkably efficient at making tons of money.
10. The founder of the world's first vegan ETF explains how her market-beating fund is naturally built to include the pandemic's biggest winners — and why industry titans like Facebook and Uber fit the bill. The US Vegan Climate exchange-traded fund is both cruelty-free and climate-conscious and has roundly outperformed the S&P 500 during its first stellar year. The founder tell us how.