The DC Today - Wednesday, August 30, 2023

Today's Post - https://bahnsen.co/3sAjvX7

Futures looked like we were going to give a little back from the move higher the past three days until about 830AM EST when we got a slew of softer than expected economic data, and since bad news is the new good for markets, moved us back into positive territory on the day. Q2 GDP was revised a little lower, ADP Payroll came in weaker than expected, and the part that is actually good news (meaning not a number showing our economy quite as fast as we thought and less people are finding jobs), Core PCE came in lower than expected for Q2. After yesterdays softer job openings and then today, fed fund futures are slowly tilting back towards peak rates but we are still at 55% pause and 45% hike for Nov/Dec. A good amount of numbers below for you, and a better amount of walking through it all in the video podcast link.

Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com