May 26 • 8M

PCE Deflator Brings Focus Back to Inflation

Stock futures are mostly unchanged ahead of the latest iteration of the Fed’s preferred inflation gauge, with the debt ceiling impasse also still hanging around…

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The daily podcast discusses the major market activity and economic data release schedule for the day ahead, with a contrarian bent. Also includes regular podcast episodes a day (or more) early and without ads or announcements.
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Good morning contrarians! It is Friday, May 26.

State of Play

As of 0635, all is pretty quiet:

  • Stock index futures are unchanged with no major index really moving from the break-even point;

  • Commodities a…

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