Q1 End-of-Quarter Market: Optimistic Signals from FED's Favorite Inflation Gauge

US stock market has a lightly positive session on the last day of March after this morning's February PCE report. SPX continues to push near 4100 after passing the key gamma flip level at 4000 on Wednesday, drawing money flow into 0DTE call options at 4100 throughout the morning. Technology continues to receive investor favoritism today with Tesla up nearly 6% ahead of the expected Q1 vehicle delivery report in 2 days. Specifically, this morning's PCE report shows headline PCE down to 5.0% while core PCE at 4.6%, below the 4.7% forecast and the lowest since 09/2021.