Nasdaq100 futures traders are eyeing Friday’s PCE

Traders are eyeing Friday’s PCE inflation numbers as a key macro driver for next week’s positioning. That points toward a solid jump of 82% from current levels. So, savvy investors might want to consider using the drop in this AI stock following its latest quarterly report to buy, as it seems like a potential long-term winner. Treasury yields moved higher at the long-end of the curve, with yesterday’s PPI report continuing to weigh on inflation expectations. 30-year T-Bond futures (/ZBU5) fell 0.16% in early trading. Meanwhile, interest rate cut bets remained steady. The CME’s FedWatch tool showed a 92.6% chance for a 25-basis point rate cut at the Fed’s September meeting. While the retail sales data was encouraging, investors are pricing in uncertainty premium into long term yields. Nasdaq100 futures are holding near record territory this morning, supported by sustained buying in AI-related stocks. Analysts note that a break above the 18,300 resistance could trigger algorithmic buying programs and widen the rally into growth-oriented sectors.