{"id":231218,"date":"2025-09-25T13:17:06","date_gmt":"2025-09-25T17:17:06","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=231218"},"modified":"2025-09-25T14:52:51","modified_gmt":"2025-09-25T18:52:51","slug":"team-no-on-tomorrows-overall-pce-and-umich-sentiment","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/forecast-trader\/team-no-on-tomorrows-overall-pce-and-umich-sentiment\/","title":{"rendered":"\u201cTeam No\u201d On Tomorrow\u2019s Overall PCE and UMich Sentiment: Sep. 25, 2025"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\" id=\"h-overall-no-is-undervalued-core-no-is-closer-to-fair-price\"><strong>Overall \u201cNo\u201d Is Undervalued, Core \u201cNo\u201d Is Closer to Fair Price<\/strong><\/h3>\n\n\n\n<p>Tomorrow\u2019s PCE inflation report is expected to reflect year-over-year increases of 2.7% and 2.9% across the overall and core segments. They align with my own projections. Meanwhile, the \u201cNo\u201d at <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF&amp;locale=en_US#\/market-details?id=726203930%7C20250926%7C2.7\" target=\"_blank\" rel=\"noreferrer noopener\">2.7%<\/a> for the overall gauge looks undervalued at just $0.48 since it would pay out $1.00 on an in-line print or a downside miss. The same isn\u2019t true for the \u201cNo\u201d at 2.9% for core, in my opinion; however, it\u2019s closer to fair value at $0.74. Finally, these indicators are well telegraphed by Wall Street and carry light deviation rates, meaning that they tend to arrive near forecasts.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"100\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-1-1100x100.jpg\" alt=\"\" class=\"wp-image-231233 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-1-1100x100.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-1-700x64.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-1-300x27.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-1-768x70.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-1.jpg 1340w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/100;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"101\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-2-1100x101.jpg\" alt=\"\" class=\"wp-image-231234 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-2-1100x101.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-2-700x64.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-2-300x28.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-2-768x71.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-2.jpg 1348w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/101;\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-umich-sentiment-revisions-are-historically-light\"><strong>UMich Sentiment Revisions Are Historically Light<\/strong><\/h3>\n\n\n\n<p>History suggests that tomorrow\u2019s consumer sentiment print from the University of Michigan (UMich) will arrive near the initial 55.4 figure. Meanwhile, a revision of +2.7 has occurred only twice in 10 years, but that\u2019s what\u2019s required for \u201cTeam No\u201d to lose at 58. I find the risk-reward profiles of the <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF&amp;locale=en_US#\/market-details?id=626425612%7C20250926%7C58\" target=\"_blank\" rel=\"noreferrer noopener\">\u201cNos\u201d<\/a> at 58 and 60 attractive. The thresholds are going for $0.89 and $0.94.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1050\" height=\"763\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-3-2.jpg\" alt=\"\" class=\"wp-image-231235 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-3-2.jpg 1050w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-3-2-700x509.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-3-2-300x218.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-3-2-768x558.jpg 768w\" data-sizes=\"(max-width: 1050px) 100vw, 1050px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1050px; aspect-ratio: 1050\/763;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"97\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture5-1100x97.png\" alt=\"\" class=\"wp-image-231236 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture5-1100x97.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture5-700x62.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture5-300x27.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture5-768x68.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture5.png 1322w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/97;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"508\" height=\"503\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-6.jpg\" alt=\"\" class=\"wp-image-231237 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-6.jpg 508w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/09\/Picture-6-300x297.jpg 300w\" data-sizes=\"(max-width: 508px) 100vw, 508px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 508px; aspect-ratio: 508\/503;\" \/><\/figure>\n\n\n\n<p>S<em>ource for Images: ForecastEx<\/em><\/p>\n\n\n\n<p><em>Note: Prices are highest bids as of the morning of September 25, 2025.<\/em>&nbsp;<em>Red circle around the thresholds was inserted by J. Torres to highlight his preferred \u201cNo\u201d answers throughout different levels.<\/em><\/p>\n\n\n\n<p>To learn more about ForecastEx, view our Traders\u2019 Academy video&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?v=ceR-weGZSXc\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>here<\/strong><\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tomorrow\u2019s PCE inflation report is expected to reflect year over year increases of 2.7% and 2.9% across the overall and core segments and the estimates align with my own projections.<\/p>\n","protected":false},"author":903,"featured_media":218119,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18929,18,6,8,9,26,3],"tags":[],"contributors-categories":[13760],"class_list":{"0":"post-231218","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forecast-trader","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u201cTeam No\u201d On Tomorrow\u2019s Overall 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His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/jose-torres\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"\u201cTeam No\u201d On Tomorrow\u2019s Overall PCE and UMich Sentiment: Sep. 25, 2025","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/231218\/","og_locale":"en_US","og_type":"article","og_title":"\u201cTeam No\u201d On Tomorrow\u2019s Overall PCE 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