PCE numbers came in higher than expected as I predicted but apparently the futures traders don't care, lol. Futures barely touched red and went right back up.
Probably more whipsaw today, a pump on debt deal and then a a dip next week when MFI gets overbought.
Gotta love it when the market pumps bad news.
Probably more whipsaw today, a pump on debt deal and then a a dip next week when MFI gets overbought.
Gotta love it when the market pumps bad news.
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Lost a few hundred bucks on my XLF puts, was supposed to be all or nothing, wound up losing like 25%, guess Europe needs the bounce and they're still buying.
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I don;t chase a pump on bad news, I'll see you guys next week when MFI gets overbought. That'll probably happen Tuesday I think.
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Up 30 pts after PCE came in higher than expected, lol.
Rate sensitive sectors look weak though, financials, PCAR, GM, shitcoin all barely green.
Rate sensitive sectors look weak though, financials, PCAR, GM, shitcoin all barely green.