Turn around for the markets ahead of PCE inflation data?

Bullish candle on Tuesday on E-mini S&P 500futures

Bullish green candle on Tuesday

Have the markets suddenly decided to have a Christmas rally? A bullish green candle appeared on the S&P 500 futures on Tuesday, indicating as the market sold off, the buyers bought in when prices were low and managed to pushthe price up to close above opening price. Have the markets jumped the gun ahead of Core Personal Consumption Expenditure (Core PCE), which will be published on Friday, December 23 at 8:30am ET, this is theFed's preferred measure of inflation. 

The market expectation is for the monthly core PCE inflation to rise by 0.4% in November following October’s 0.2% increase. On a yearly basis, consensus sees 4.6% vs. 5.0% in October. If so, it would be the second straight deceleration to the lowest since October 2021. 

Will the Christmas 🎄rally take place? Or will theend of 2022 be slammed in its face? 🎅


$E-mini S&P 500 - main 2303(ESmain)$ 

$SPDR S&P 500 ETF Trust(SPY)$ 

$Invesco QQQ Trust(QQQ)$ 

@TigerStars 

# 71% Win Rate: Ready to Welcome A Santa Claus Rally?

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.

Report

Comment8

  • Top
  • Latest
  • LeonaClemens
    ·2022-12-22
    I am waiting for Christmas rally now,only one day or next week.
    Reply
    Report
  • BerniceCarter
    ·2022-12-22
    There is no good news to make market rally again
    Reply
    Report
  • FrankRebecca
    ·2022-12-22
    Rise by 0.4% will do harm on martet again.
    Reply
    Report
  • 不怕死
    ·2022-12-22
    Thanks
    Reply
    Report
  • BoonL
    ·2022-12-22
    ok
    Reply
    Report
  • Deonc
    ·2022-12-22
    ok
    Reply
    Report
  • Juanaa
    ·2022-12-22
    Yea
    Reply
    Report
  • aozora
    ·2022-12-22
    Ok
    Reply
    Report