Ending the 2023 With A Bang By the end of 2022, the year-over-year change in the Personal Consumption Expenditure index was 5.9 percent and the Core PCE, the Fed’s preferred inflation gauge which excluded food and energy, inflated by 4.4 percent. The unemployment rate was 3.5 percent, and the real GDP growth was 2.6 percent.…
Directional Bias for the Day: S&P Futures are higher at 8:30 AM – broke above a down-sloping flag on the 15-minute chart following the ADP jobs report at 8:15 AM. Up more than ten points from the 7:15 AM low of 4580.00. The odds are an up day – watch for a break below 4580.00…
Directional Bias for the Day: S&P Futures are lower at 8:30 AM – near moving within a trading range between 4569.00 and 45500. since 1:00 AM – near the upper bound of the range The odds are for a down day with a good chance of a sideways to an up move from the pre-open…
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