Since the PCE is supposedly the piece of eco data that matters most to the Fed. I think the talking heads are expecting it to be lighter than expected, which should spark an everything rally except for the dollar. What’s the downside risk? I guess that would be a hotter inflation number. If so, we probably take a hit and given where the RSI’s (around 70) are on some of our shares and gold, I could see a pretty good smash. I’m feeling like $1950 is going to hold.
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