We started the day on a rather optimistic foot given last night’s discouraging Presidential debate. Indices opened in the green and momentarily climbed on some disinflationary data, but ultimately a hangover from last night’s debate dragged indices lower into the close. Treasuries rallied initially as well, but reversed course after the University of Michigan survey evidenced a stronger than expected consumer. PCE was inline with expectations for May at 2.6% headline and 2.6% for core, decelera…
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