PCE Friday ends the week

It’s been another busy week and it looks like we’ll end it with another set of large green candles for the weekly chart. We can’t ask for more in a week full of Goons and dates. Additionally, the strong week sets us up for an important Monday as both the month and the quarter draw to a close.

But let’s not get ahead of ourselves and let’s not forget to stop and smell the roses. News of China’s “liquidity bazooka” helped support prices all week, and today’s news on PCE and personal income was quite soft…