Pre market derisking ahead of the PCE inflation data, out @ 8:30am EST ✍️ The fun never ends lol https://t.co/RJPtSdK3gi
US inflation (PCE) data due Friday - critical ranges to watch - clustered around +0.3% m/m https://t.co/Of0VaPCKBb
The NASDAQ's daily chart still has a "concerning /work to do" look. PCE inflation report Friday 8:30 am ET. Will see how things unfold in coming days.
The S&P 500 index closed with a doji pattern, indicating potential indecision in the market ahead of the upcoming Personal Consumption Expenditures (PCE) inflation data scheduled for release tomorrow at 8:30 AM ET. Analysts expect the headline PCE to remain at 2.5% year-over-year, while the core PCE is projected to be between 2.6% and 2.7% year-over-year, with a month-over-month increase of 0.3%. Monthly personal spending is anticipated to rebound to 0.3% following a decline of 0.2% in January. Futures for the S&P and Nasdaq are currently showing resistance against bearish trends, with market participants closely monitoring the PCE data as a critical factor for future market movements.
