PCE a Little Weaker Than Anticipated
For what it’s worth, the PCE numbers did come in a little lower than anticipated, but GDP is hotter. So whether or not that makes a difference, we’ll just have to wait and see. But it certainly looks like we’re at least trying to recover.
Ultimately, this is a market that I think is still trying to find a bigger move. With this, most traders are looking at this from a short-term perspective more than anything else, as we bounce around between two sideways consolidation areas.