BIG THURSDAY FOR US MACRO ECONOMIC DATA
Few of the main highlights:
1. Jobless claims came in at +218K vs +232K, shows labor market is still weak but not deteriorating with a number far above expectations
2. PCE prices in Q2 came in at 2.1%, down from 3.7% in Q1, showing even with tariffs...we are seeing prices come down
3. Consumer spending in Q2 came in at 2.5%, up from 0.5% in Q1, showing consumers are still continuing to spend which is similar to the retail sales data we saw last week
Overall, nothing here that would necessarily move markets aggressively to the downside or upside, we still are in the red for the 3rd day in a row and it will be up to buyers to see if they want to bite at this dip or continue waiting for better deals.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Astrid Stephen·09-26Jobless claims beat, PCE down! Consumers spend, but markets red. Dip buying? Wait for cues.LikeReport
- Reg Ford·09-26Mixed data,weak labor but cool PCE, steady spending. Markets flat, no rush to buy yet.LikeReport
- jigglyp·09-25Interesting analysisLikeReport