we just had the most loaded 24hrs of the quarter. fed split 8-4 (worst since 1992), trump killed the iran deal, oil ripped to $120, and four mag 7 names reported in an 80-second window after the bell.

    today at 8:30 we get GDP + PCE at the same time, then apple after close.

    bull case: gdp above 2.5%, core pce stays at or below 3.0%, apple beats tonight. if all three hit, the market continues uptrend and bears have nothing left to shoot at. spy clears 720 and we grind to 7200+ on the s&p.

    bear case: core pce ticks above 3.1% today, then april cpi on may 13 confirms headline above 4%. now you've got rising inflation + a fed that just had its worst internal split in 34 years + a new chair with zero credibility + $120 oil + the strait of hormuz still closed.

    which do you think happens?

    today decides the next 2 weeks for SPY
    byu/Hungry-Command-8454 ininvesting



    Posted by Hungry-Command-8454

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