REDUCE HEDGES, SHARP STOCK RALLY ON DE-ESCALATION WITH RUSSIA DAMPENED BY PPI
By Nigam Arora & Dr. Natasha Arora
Sharp Rally
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:
- In the Afternoon Capsule we wrote:
Be mindful of a potential sharp rally if tensions with Russia de-escalate.
- The call is proving spot-on as a sharp stock rally took place in the early trade on de-escalation with Russia.
- Putin is masterfully playing the game.
- Russia is claiming that several military units are returning to base as the drill is complete.
- NATO says that they are not seeing signs of a pullback.
February 15, 2022