Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to try a free month of the Early Look.
Un-reported by mainstream media, yesterday we had another trifecta of US economic #GrowthAccelerating reports:
- Real PCE (Personal Consumption Expenditure) #accelerated to +2.7% year-over-year in SEP vs. +2.5% in AUG
- Luxury Goods (personal aircraft, pleasure boats, jewelry, etc.) maintained its big 2017 ramp at +10% year-over-year
- Core PCE Deflator was flat, sequentially, at +1.3% year-over-year in SEP = a 2 year low
In other words, people who have money spent more of their money (and saved less of it).
