Commodities Report: PCE/GDP + Scotus Tariffs Ruling

GLD, SLV, URA, USO, COPPER, PLATINUM

Hi everyone,

The SPX failed to clear its 50DMA today, remaining pinned between our key levels as the market braces for a historically volatile “Macro Friday.” This session presents a rare collision of events, beginning with a massive data backlog as the government releases both the Q4 GDP and PCE inflation reports simultaneously.

We are also on high alert for a landmark Supreme Court ruling on tariffs that could fundamentally shift the deflationary narrative for 2026. Because this coincides with monthly options expiration, the market is primed for a “gamma explosion/flush” if headlines surprise. Expect a massive volume surge as institutional traders roll positions into March, making the opening thirty minutes and the final “Witching Hour” especially erratic. Trade carefully.

Now, let’s look at the details of expected data and check on some commodities.