The S&P 500 futures currently trade 15 points below fair value.
Just released, personal income increased 0.3% month-over-month (Briefing.com consensus 0.3%) in December after an upwardly revised 0.4% increase in November (from 0.3%).
Personal spending was up 0.4% in December (Briefing.com consensus 0.2%) after a downwardly revised 0.4% increase (from 0.5%) in November.
The PCE Price Index was up 0.4% month-over-month in December (Briefing.com consensus 0.3%) while the core PCE Price Index was up 0.4% (Briefing.com consensus 0.4%).
The advance Q4 GDP reading came in at 1.4% (Briefing.com consensus 3.0%). The advance GDP Deflator registered at 3.6% (Briefing.com consensus 3.3%).