US March S&P Global final services PMI 54.4 vs 54.3 prelim

Consumer discretionary up 20% but watch out for weak revenue growth & shrinking returns. SGI, MCFT, BARK face valuation risks.

COLL +31.4% 1mo, 6.3x P/E, but subscale ops. FBK +5.4%, 1.5x P/B, flat sales. IRTC -0.1%, 65.9x EV/EBITDA, strong growth.

Moore Threads IPOs +500%, $40B valuation, but heavy losses. AI bubble fears grow as Nvidia dips 10%.

Consumer spending up 0.3% in Sept, but momentum slows. Tariffs & weak jobs squeeze lower incomes. GDP growth steady at 3.8%.

Core inflation ticks up to 2.8% YoY, but Fed eyes 0.2% monthly gain for rate cut hopes amid growth worries.

MS flips to 25bps Dec cut, economists see 2 cuts in '26. Will Powell deliver a hawkish cut? Traders eye Fed's next move.

Consumer sentiment ticks up to 53.3, but still down 28% YoY. Inflation expectations ease to 4.1%. Jobs market remains dismal.