There is not a bullish narrative for the markets right now. PCE data solidified that Friday. We are going lower. Bulls are living on a prayer right now.
Goldman now expects core PCE to rise to 3.5% this year versus 3.0% under previous assumptions for less aggressive tariffs. They expect the Fed to cut three times in the second half of the year to address the hit to growth and employment https://t.co/TOFjJLvkY4 pic.twitter.com/x3yd5gITcy — Nick Timiraos (@NickTimiraos) March 30, 2025 Look at all …