Market On Open - Thursday 28 March
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PCE Tomorrow, No-One Cares
by Alex King
If you are worried about inflation, and you probably should be, since everything keeps costing more (and if you believe InflaTwit, the actual rates at which real-world prices are rising way outstrip the official measures), you might be worried about what a hot PCE print tomorrow might do to markets. This is a perfectly normal concern. Unless said hot PCE print, if indeed hot it be, arrives in an environment where the Fed has basically already said it is going to cut rates this year anyway. It’s almost as if it’s an election year and nobody wants to do anything for which they can be blamed.
Anyway, let’s check in on our usual charts - we cover the US 10-year yield, the S&P500 in three incarnations (SPY, ES, UPRO), Nasdaq, the Dow and the Russell ditto (unlevered ETF, futures and 3x leveraged ETFs in each case) - plus some sector-specific levered and unlevered ETFs. We do this daily for our paying members here, whether you are a member of the Inner Circle or our Market Insight membership tiers.
If you’ve yet to sign up for one of the paid tiers here? You can do so from the links below. The signup links below will give you the options, but if you have any difficulties signing up, you can reach us right here.