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On the SPOT™ blog (08/31/2023) [J..]

Personal Consumption Expenditures (PCE) index data released this morning showed that it rose in July compared to June and was inline with estimates. Last week's unemployment claims dropped and the number was below estimates. Treasury yields dropped further this morning. Things seem to be in reasonably good shape for the economy albeit inflation still seems stubborn. I think jobs report is due tomorrow that might shed some more light on the state of the economy. August has turned out to be not-so-bad after all as all three major US indices appear to be near the neutral line this morning (PST) with DJIA in slight red and S&P500, Nasdaq composite in mild green. Salesforce results are perhaps contributing to the +ve sentiment.

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