Ouch. April PCE just came in hot at 3.8%. 🔥
That is the highest print in nearly a year. Core PCE isn't looking much better at 3.3% (an 8-month high). We are officially running at 2x the Fed's target. If you were betting on the "inflation is over" story, it might be time to rethink that thesis.
#PCE
@USICOfficial Impressive. I wish there was some sort of synchronous communication for those competing to share thoughts. I do look forward to this weeks video from those leading in the competition.
POV: It's 2am and you are checking to see if you are too late to a trade so you double check the Risk/Reward and realize that it would not be an asymmetrical trade.
You then quietly go back to the drawing board.