Replies to post #380298 on SPDR S&P 500 (SPY)

[imiloa]

PCE dec 2023 finally posted:
dec/nov personal and disposable income increase 0.3%,
slightly less than nov/oct 0.4%.

PCE up 0.7% (vs +0.4% in nov).
price indexes up 2.6%-2.9%.

theoretically, this PCE data should be bearish,
signalling continued inflation (via corporate expenses)
outpacing consumer disposable income growth.

but when's the last time fundamentals mattered to SPY?

https://www.bea.gov/news/2024/personal-income-and-outlays-december-2023