All three major indexes managed to secure daily and weekly wins, with the S&P 500 trading within a chip-shot of record highs and logging a fourth consecutive daily gain alongside the Nasdaq Composite.

Silver just hit a new all-time high. Neither did gold, nor mining stocks.

Nominally income rose 0.4% and spending 0.3%. But since the PCE inflation gauge rose 0.3%, real income only increased 0.1% and real spending was flat.