MOMO GURUS TURN INFLATION ON ITS HEAD TO MAKE IT A REASON TO BUY STOCKS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know now.
Turn On Its Head
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- Irrespective of your opinion of the momo gurus, you have to appreciate their creativity to consistently turn any news as a reason to buy stocks.
- The chart shows that the University of Michigan Consumer Sentiment was released at 10:00 am ET.
- Here are the details of the Consumer Sentiment.
- It fell to 66.8 vs. 71.7 consensus.
- This is the lowest number in a decade.
November 13, 2021