Market Pulse: Core PCE, Income & Spending In Line, Markets Hold Steady

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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Data Is Out: Core PCE, Personal Income and Personal Spending

• Core PCE MoM: Consensus 0.3%, Actual 0.3%
• Personal Income MoM: Consensus 0.4%, Actual 0.4%
• Personal Spending MoM: Consensus 0.5%, Actual 0.5%

The data comes out perfectly in line, with the market reaction essentially muted - because the data is in line and that's what the market was priced for.

So What‘s Our Positioning From Here?

We remained positioned, and this doesn't change our near-term outlook with a September cut still priced highly at 87%. We'll still look for dip-buying opportunities should we get them.

BTC continues to remain range-bound between $108k-$112k. A reclaim of $116,600 would be the bullish reversal.

BTC Chart: