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The modest 0.1% rise of Personal Consumption Expenditure (PCE) price index and 0.4% increase in personal income spending in November buoyed markets this morning, with SPX (+0.4%) and QQQ (+0.2%) trading higher from open. Given PCE is the Fed's preferred gauge of inflation, the data further supports the Fed's winning battle against rising prices amidst a tight labor market. Digital asset markets are exhibiting lower correlations of late, with BTC 4.05% ...