PCE In Line

Strong economic data continues to worry investors, many of whom had pinned their hopes on Fed rate cuts.  Initial claims came in at 216K versus 232K expected. Personal income rose 0.3%, in line and an increase from 0.2% last month. Personal spending rose 0.5%, also in line and an increase from the prior 0.3%. Last, … continue reading →

The Final Countdown

It’s the final week before the critical US presidential election and there’s no shortage of important data ahead as well: consumer confidence tomorrow, GDP on Wednesday, initial claims, personal income and PCE on Thursday, and NFP and ISM manufacturing on Friday. To make things interesting, the Fed meets next week as well. Meanwhile, ES’ backtest … continue reading →