PCE Data - Daily Trading Report

Submitted by LouDogg00 t3_127kigs in wallstreetbets

Today should be a fun day for the markets. As I said earlier, there is a significant amount of economic news coming out prior to markets opening, so we will see a significant amount of pre-market movement that will really dictate the momentum in the markets. I would urge caution just out of safety. Markets are up slightly at the time of writing this report and will not move too heavily between now and when the economic news is live. Please expect today to be extremely choppy and momentum based as a result of that economic news.

I would not recommend looking into selling some 0-DTE CSPs today as a result of relatively lower momentum and higher cost of equities. You can still sell highly OTM 0-DTE CSPs, but the premium you would collect on the position would be relatively minimal if any at all.

Economic Data:

  • US Core PCE Price Index YoY Actual 4.6% (Forecast 4.7%, Previous 4.7%)
  • US Core PCE Price Index MoM Actual 0.3% (Forecast 0.4%, Previous 0.6%)
  • US Consumer Spending MoM Actual 0.2% (Forecast 0.3%, Previous 1.8%)
  • US Real Personal Consumption MoM Actual -0.1% (Forecast -0.1%, Previous 1.1%)
  • US Personal Income MoM Actual 0.3% (Forecast 0.2%, Previous 0.6%)
  • US PCE Price Index MoM Actual 0.3% (Forecast 0.3%, Previous 0.6%)
  • US PCE Price Index YoY Actual 5.0% (Forecast 5.1%, Previous 5.4% )

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Comments

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VisualMod t1_jeegjfv wrote

Hey /u/LouDogg00 - I'm a bot from /r/wallstreetbets. You submitted a spam domain 'haikhuu.com' and your submission was removed.

1

0x11C3P t1_jeekhd2 wrote

The fact that markets see this a positive when PCE is still going up MoM is crazy. This market will rally on just about anything.

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hearthegrassgrow t1_jeelo3w wrote

Inflation down stocks to the moon is too easy. Because everyone is thinking like this and then stock market makes opposite more.

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izzythedoll t1_jeen8r9 wrote

I'd trust that guy with my money, anyone else coming?

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stubbly_bubbly t1_jeepcsz wrote

Market feels suspiciously suspicious today. Thinking the reverse of the reverse of my reverse isn’t even enough to outsmart this. Better reverse one more time for good measure.

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wattap t1_jeetlzs wrote

Ban anyone that posts and sells a course

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wattap t1_jeeugye wrote

Can’t trade good? Sell a course!

0

Browne888 t1_jef058e wrote

Replying to greycubed (#2,528,719)

Right? That's a pace of 3.6% annually. In an ideal world they would get it hovering around 0.2% MoM. So if you look at it that way, we're very close to being there unless the monthly price changes start going the other direction again.

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