Perfect, zero imperfections They know exactly how to report numbers that are just perfect!! US October core PCE +2.8% y/y vs +2.8% expected Highlights of the US October PCE 27/11/2024 Core PCE yy Core PCE yy Prior was +2.7% Core m/m +0.3% vs +0.3% exp Unrounded core PCE was +0.274% m/m Core PCE +2.8% y/y vs +2.8% expected Headline inflation PCE +2.3% y/y vs +2.3% expected (Prior +2.1%) Deflator +0.2% m/m vs +0.2% expected Unrounded +0.238% m/m Consumer spending and income for October: Personal income +0.6% vs +0.4% expected. Prior month +0.2% Personal spending +0.4% vs +0.3% expected. Prior month +0.6% Real personal spending +0.1% vs +0.5% prior Savings rate 4.4%
Yes and the market likes it. SPX's gonna up another half of a percent today even on a short trading day today. Hope you are on this northbound train. It's going to go up even further next Monday. And next week is very heavy week with lots of numbers coming out. Plus Powell is speaking.
I bought a heavy tech fund in my retirement account in January..it literally prints me free money week over week month over month. ...the fund is up over 30% ytd and just keeps going up . It was up today and will be up again tomorrow after crm earnings are printing more free money....probably be up another 1% tomorrow!!
I always find it amusing that even after a parabolic 30% jump in the s&p and markets at fresh new highs literally every single hour of every new day and they are calling for a Christmas rally.... Markets have been in an ongoing Christmas rally since Christmas of 2020.