SPY/Global Markets – PCE Pre-Impact Setup
GLOBAL MARKETS JUST FIRED A WARNING SHOT BEFORE PCE.
This morning at 10:00am EST will change everything.
$SPDR S&P 500 ETF Trust(SPY)$ and European futures rose as traders positioned ahead of the most important inflation print of 2025 PCE and FEDs expected rate cut on Dec 10.
The numbers are already shifting:
SPY and European markets up 0.2%
Asian markets erased a 0.7% drop to secure a second week of gains.
Confidence is returning not from tech euphoria, but from rising expectations of a 25 bps Fed cut.
Bitcoin holds $92,000 for now.
Copper just hit a new high.
Silver flipped from red to green.
But the real story is in the labor market.
Treasury yields settled after Thursday’s selloff, driven by data showing the job market is not cracking it’s tightening.
This is a big difference.
US jobless claims just fell to their lowest level in over 3 years.
Firms are keeping workers.
Consumers are still spending.
And the market is now asking one question:
If growth holds does the Fed cut anyway?
This is not a rally.
This is the setup before impact.
Position accordingly. The next move belongs to PCE.
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