Core PCE, careful
|S&P 500 showed nice breadth broadening yesterday, more tech leadership following MU earnings impact all around – and bonds kept appreciating in line with my prior call (note the short end of the curve performance). Today‘s data came in though on the weak side (slowing consumer income and expenditures with unrelenting inflation figures, and I am not bringing up yesterday‘s quarterly inflation beat) – all discussed in today‘s video make sure to review it as you had it available well before the data release.
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