To gain an edge, this is what you need to know now.
Double Punch
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows a double punch to the stock market today.
- The first punch occurred when CPI showed inflation significantly hotter than the consensus. For details, please read today’s Morning Capsule. To see a 20-year chart of CPI please click here.
- Smart money sold the first punch in the stock market as the chart shows.