The Core PCE was released this morning, and even though it was precisely what was anticipated………
![](https://slopeofhope.com/wp-content/uploads/2024/02/corepce-640x347.png)
…..the equity markets have exploded higher, as if it was just announced that $10 trillion in QE was going to be rolling out. Here’s the /ES:
![](https://slopeofhope.com/wp-content/uploads/2024/02/esfuck-640x681.png)
And, even more dramatically, the small caps’ /RTY:
![](https://slopeofhope.com/wp-content/uploads/2024/02/rtyrtyrytr-640x825.png)
The rebrand to “WallOfWorry.com” is making more sense each day.