Cooler PCE Print Won't Offer Long-Term Relief, MU "Priced for Perfection"

By Schwab Network

Community Score: 50% | 144 views | 2w

0 community ratings: null thumbs up, null thumbs down

A lower PCE print still has a key issue of long-lasting inflation hitting other key data points, says Joe Mazzola of @CharlesSchwab. That will have trickle-down effects on U.S. consumers. He warns that investors also need to navigate a new quarter poised to see volatility from midterm elections and a high earnings bar. As for the reaction to Micron (MU) earnings, Joe notes AI strength across the board in the report with some investor hesitancy on gross margins. However, he raises the question: "is the stock priced for perfection?" ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.