2024-06-10 01:54:31 ET
Summary
- PCE inflation measure met expectations, leading to a rally in the market and less fear of tightening. There is a tone of complacency that could get disrupted.
- May employment data exceeded expectations, setting up the possibility of a sell-off going into an unusual day when both the CPI and the FOMC decision are revealed.
- In preparation, I will set up hedges Monday morning and close them out Tuesday afternoon. Also, what happens on Wednesday will dictate my setup for the rest of the week.
The last inflation-related measure PCE met expectations
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For further details see:
How To Trade Double Whammy Wednesday; CPI And FOMC Meeting