To gain an edge, this is what you need to know now.

Bullard Scare

Please click here for a chart of Nasdaq 100 ETF ().

Note the following:

  • The chart shows when the Consumer Price Index (CPI) data was reported. Please see the Morning Capsule for details.
  • The chart shows the drop in  on the CPI numbers.
  • In the Morning Capsule prior to the market open, we wrote,

The expectation is that bullish gurus will come out and start proclaiming that inflation is going to slow. In our analysis at The Arora Report, we agree that inflation is likely to slow.