The PCE Report Is More Important Than The GDP Release

Global economic data has been better than expected, says Michelle Gibley. She and Collin Martin discuss how the latest data is impacting markets, as well as what investors should keep on their radars in 2023. Michelle also notes that growth may be too strong for inflation to ease enough to appease central bankers. Collin says that tomorrow's PCE report is more important than today's GDP release, and we expect the yield curve to continue to invert as the Fed hikes rates. He also mentions that bond investors should focus on quality and take advantage of high yields. Finally, they go over why investors should look at high quality international stocks. Tune in to find out more about the stock market today.