Couverture de Lower Oil and Softer PCE Keep Relief Rally Alive

Lower Oil and Softer PCE Keep Relief Rally Alive

Lower Oil and Softer PCE Keep Relief Rally Alive

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Lower crude, softer core PCE, easing yields, and suppressed volatility are keeping the short-term relief rally intact. But narrow breadth, tight energy inventories, and low shock premium leave the setup vulnerable to a reversal in oil, yields, or the dollar.
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