Post by
garyreins on Feb 28, 2024 10:03pm
Since PCE is already expected to be hot
Bond sell off may have been baked in with the CPI that feeds into this calculation. I can see the scenario scrooge brought up- flush in the morning, rebound by end of day to get ahead of potentially bullish february data. It would make sene there was outsized hikes for repricing for the year ahead and wouldnt continue on a monthly basis, as last Jan it was 0.5%. Maybe we get another 0.5% and take a serious bath. Cant trust these numbers- all used as a casino to strip away our hard earned dollars!
Comment by
ScroogeMcDuck1 on Feb 28, 2024 10:15pm
I think the smart money knows you need to rotate out of tech and into value, and this smokescreen will let them do that. Rates will come down, but first the fear!
Comment by
ScroogeMcDuck1 on Feb 28, 2024 10:17pm
This dude is the official fed whisperer. i cannot see the full post as I dont have a twitter account. https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjOkJTvys-EAxUOODQIHfaqDKgQFnoECCoQAQ&url=https%3A%2F%2Ftwitter.com%2Fnicktimiraos%3Flang%3Den&usg=AOvVaw2QSLmF-BtfrVW_eWBy0XiF&opi=89978449
Comment by
ScroogeMcDuck1 on Feb 28, 2024 10:19pm
Someone here post what he says please. Google only shows me a snippet without signing in to x The core PCE index in January is likely to have risen 0.4%, the largest increase in a year, according to the forecasters who translate the CPI and PPI into the ...
Comment by
garyreins on Feb 28, 2024 10:34pm
Doesnt matter what he says, our bullboard man torontojay gave us his expectation: "I'm predicting a 0.3% m/m increase in Pce inflation which would give you a headline number of 2.33% Im confident to say Pce inflation is coming down. "