Morning Note | September 29, 2023 | Check Out PCN For Another Potential Buy

Good Morning!

Markets are higher as the latest Personal Consumption Expenditure ("PCE"), the Fed's preferred measure for inflation, came in at +0.1% on Core, slightly better than expected.  Year-over-year it was +3.9%.  More importantly, personal consumption dropped substantially lending credit to the 'collapse of the consumer' narrative.

Second quarter G…