The last important economic data point of 2023 was released – – the PCE – – and it came in ice cold (because, ya know, inflation is almost 0%, which is why prices have tripled over the past couple of years). This appealing data point has sent all the equity futures into a Nike-logo-shaped frenzy this morning…….
Ya know what doesn’t have a Nike-shaped frenzy? Nike itself! Which is good, because it’ll give me some good news on my freshly-printed XRT puts.
