The Calm Before The PCE

May’s core personal consumption expenditures price index (PCE), which is the Fed’s preferred measure of inflation, is expected to rise 0.1% month over month and 2.6% annually.

A Weekly Chart on LRCX

In this video, Allison walks through a Weekly Chart on LRCX, looking for a possibility of a move higher, along with a couple of trade ideas to consider.