INVESTORS AWAIT INFLATION DATA
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Boogeyman
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The current boogeyman is inflation.
- Investors are eagerly awaiting inflation data. CPI will be released on Wednesday, and PPI will be released on Thursday.
- The consensus for CPI is 0.4% and for Core CPI 0.5%.
- The consensus for both PPI and Core PPI is 0.4%.
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- After aggressively buying the dip last week, over the weekend a trace of fear entered the momo crowd.
January 10, 2022