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santafe2

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santafe2

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Re: jbsliverer post# 105860

Wednesday, 05/03/2023 11:06:59 AM

Wednesday, May 03, 2023 11:06:59 AM

Post# of 111603
PCE is one of the Fed's favorite data points and it's better but still up 4.2% and 4.6% sans food and energy. Spending Month over month was up marginally but spending on durable goods and non-durable goods was down. Spending on health care and other services were up.

One interesting area is net foreign travel. In the first quarter of 2021 it remained negative as Americans were still not traveling outside the US but foreigners remained in the US. In Q1 2022 it was ~$100B and this year it jumped to $265B.

If stock market experts were expert, they would buy stock instead of sell advice.

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