This market is getting batted around but still exhibiting spunk.  The decline should be a lot more than it is right now.

This doesn't mean there won't be a swoon into the close. But in many ways the session is impressive.

Last week the Citi Inflation Surprise Index climbed to a level that should have made this morning's GDP pricing news less shocking.

With that in mind, it's hard to see the PCE number coming in below consensus tomorrow morning. 

But I respect the message of the market.  Resolve is a great foundation for big rallies on the right news.