{"id":237748,"date":"2026-01-23T11:30:00","date_gmt":"2026-01-23T16:30:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=237748"},"modified":"2026-01-23T12:06:10","modified_gmt":"2026-01-23T17:06:10","slug":"markets-pull-back-as-gdp-and-pce-take-center-stage","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/futures\/markets-pull-back-as-gdp-and-pce-take-center-stage\/","title":{"rendered":"Markets Pull Back as GDP and PCE Take Center Stage"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">U.S. markets recently pulled back after the S&amp;P 500 futures hit a record high and geopolitical tensions re-entered the picture. In this video, we walk through what changed, how stocks reacted, and why upcoming GDP and PCE inflation data matter for market sentiment. We break down expectations for GDP growth, including how forecasts compare with the Atlanta Fed\u2019s GDPNow model, and discuss why a strong economic print can be a double-edged sword for equities. The video also focuses on PCE inflation, particularly core PCE, and why it remains one of the Federal Reserve\u2019s most important indicators. For retail traders and long-term investors alike, this analysis provides context around how macro data, central bank policy, and geopolitical developments can interact to drive short-term volatility. No strategies or predictions, just a clear explanation of the forces currently shaping market expectations and risk. Insights from Jim Iuorio.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. markets recently pulled back after the S&amp;P 500 futures hit a record high and geopolitical tensions re-entered the picture.<\/p>\n","protected":false},"author":294,"featured_media":237749,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17,6,8,9,3,25],"tags":[],"contributors-categories":[13577],"class_list":["post-237748","post","type-post","status-publish","format-standard","has-post-thumbnail","category-futures","category-north-america","category-region","category-securities","category-traders-insight","category-video-articles","contributors-categories-cme-group"],"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 v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Markets Pull Back as GDP and PCE Take Center Stage<\/title>\n<meta name=\"description\" content=\"U.S. markets recently pulled back after the S&amp;P 500 futures hit a record high and geopolitical tensions re-entered the picture.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/237748\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Markets Pull Back as GDP and PCE Take Center Stage | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"U.S. markets recently pulled back after the S&amp;P 500 futures hit a record high and geopolitical tensions re-entered the picture.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/markets-pull-back-as-gdp-and-pce-take-center-stage\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta 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