Claims, PCE and Micron: Three Prints That Decide the Week
A tape this narrow does not need much to crack. On Tuesday the S&P 500 closed flat at 7,764.64 while the Nasdaq 100 set a record at 30,732.40, up 0.82% on a semiconductor-led bid in which Micron jumped 5.00% and the SMH fund rose 1.92%. The equal-weighted S&P gained just 0.04%, which is the real read: a handful of growth names are carrying an index that few other stocks are helping. With the VIX compressed to 14.21, down 4.44%, the setup going into the next six days resembles the narrow-tape setup I flagged Monday , the same kind that tends to end quietly or violently, depending on the numbers that land.
Key Takeaways Thursday's initial jobless claims are the first test; recent weekly prints…
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