Bonk Guy: Latest PCE Data Not Yet Fully Priced In, Market May Strengthen Soon

BlockBeats news, September 30 — Renowned trader Bonk Guy posted that the latest PCE data has not yet been fully priced in by the market, and the market has still not completely digested the related impact. Considering that the fourth quarter has historically tended to perform strongly, and that the U.S. midterm elections are approaching, he expects market conditions may soon strengthen noticeably, and said he remains bullish on USELESS.

According to previous reports, the U.S. August core PCE price index came in at 3% year-over-year, below the expected 3.3%, hitting a six-month low. The previous reading was revised from 3.30% to 3%.