In this morning's edition of the MPC Markets Morning Call, the discussion revolves around the mixed performance of stocks as investors await key PCE inflation data. The conversation highlights the drop in initial jobless claims, speculations about interest rates and the Federal Reserve, corporate earnings, and the performance of various commodities. The session concludes with insights on upcoming IPOs and the overall market outlook.

takeaways

• Investors are bracing for key PCE inflation data tonight.

• Initial jobless claims dropped to 191,000, the lowest since September 2022.

• Expectations are building for a low rate environment under Trump's potential Fed chair.

• The market is showing strong buy signals across major indices.

• Meta's significant budget cut announcement positively impacted its stock.

• The market is currently in a holding pattern with mixed signals.

• Silver has pulled back after a strong performance, indicating a potential top.

• Uranium ETFs are seeing a resurgence, indicating renewed interest in nuclear energy.

• Economic data is crucial for driving equity market movements at this time.

• Upcoming IPOs may influence market dynamics, especially if they perform well.