Daily Note | May 31, 2024 | A Primer Of The Strategy

Markets are slightly higher after the benign PCE inflation report came in about as expected. The month-over-month figure was 0.249%, barely allowing the rounding to be the 0.2% expectation. The y/y figure was 2.8%, a 3-year low.

On the news interest rates have fallen with the 10-yr yield down slightly below 4.5%.

Additionally, Friday’s data showed consume…