The latest US core PCE price index is 3.88% year-over-year (YoY). This is higher than the long term average of 3.24%. The core PCE price index is 0.10% month-over-month (MoM). This is less than forecasts of 0.2%. The annual rate of the core PCE price index is 3.9%. This is the least since May 2021 and in line with market expectations.
Upcoming core PCE median forecast is 0.3%, above the previous reading of 0.1%. 4 weeks of negative returns in the S&P provide greater upside for bullish strategies this coming week.
Consider:
-Credit bull put spread NVDA (steep sell-off provides margin of safety and downside protection from NVDA adjacent companies' earnings--MSFT, GOOGL, META, AMZN. Monday market open should determine whether you open this trade or wait until after GOOGL and MSFT earnings)
-Credit bull put spread on TSLA if Monday selloff continues. Don't call spread unless it rallies since a small PCE print can potentially lead to a massive TSLA rally on friday
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-best toasti
-best toasti
Upcoming core PCE median forecast is 0.3%, above the previous reading of 0.1%. 4 weeks of negative returns in the S&P provide greater upside for bullish strategies this coming week.
Consider:
-Credit bull put spread NVDA (steep sell-off provides margin of safety and downside protection from NVDA adjacent companies' earnings--MSFT, GOOGL, META, AMZN. Monday market open should determine whether you open this trade or wait until after GOOGL and MSFT earnings)
-Credit bull put spread on TSLA if Monday selloff continues. Don't call spread unless it rallies since a small PCE print can potentially lead to a massive TSLA rally on friday