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May PCE is out: headline inflation rose 4.1% YoY, while core PCE climbed 3.4% YoY.
This is not a simple “stocks go down” print. It is more of a valuation stress test: sticky inflation keeps rate-cut hopes under pressure and may revive rate-hike pricing, which is tough for high-multiple growth stocks 📊
But income and spending were both strong, so the economy is not cracking. The likely takeaway: more dispersion. Cash flow, pricing power, and earnings delivery matter more than multiple expansion.
Not investment advice.