Bonk Guy Expects Market to Strengthen, PCE Data Not Fully Priced In

On September 30, renowned trader Bonk Guy stated that the latest PCE data has not been fully priced in by the market, which has yet to completely digest the related impacts. He pointed out that historically, the fourth quarter tends to perform strongly, and with the U.S. midterm elections approaching, he anticipates that market conditions may soon strengthen significantly, expressing optimism for USELESS. The U.S. core PCE price index for August was 3% year-on-year, lower than the expected 3.3%, marking a six-month low, with the previous value revised from 3.30% to 3%.

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