U.S. stock index futures pared some declines
$SPDR S&P 500 ETF Trust(SPY)$ Futures (1-Min), 8.30AM ET. post Core PCE Price release
''U.S. stock index futures pared some declines on Friday after a cooler-than-expected inflation reading calmed some investor concerns over fewer rate cuts next year.
A Commerce Department report showed the Personal Consumption Expenditure (PCE) index, the Fed's preferred inflation measure, rose 2.4% in November on an annual basis, compared with estimates of 2.5%, as per economists polled by Reuters. On a monthly basis, it rose 0.1%.''
My belief is that the narrative supporting an upside catalyst is significantly stronger than that for the downside, especially given that the market is already sold off and has priced in prolonged higher interest rates.
US10Y now is already at 4.58%, 6 months high.
Image
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.
