Andrew Almeida reviews the PCE report released Friday morning, along with the GDP report. He thinks the reports push any potential rate cuts to the “back half of the year.” He is positive on markets, citing AI capex as a factor in his optimism. He compares mid caps to small caps, and thinks there are “better quality” companies in the former. He expects companies receiving the AI capex to be the next topic under scrutiny in markets.

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