March 1, 2022

By Nigam Arora & Dr. Natasha Arora

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

Momo Buys Stocks

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:

• Russia is retaliating with apparent plans for heavier use of military force.
• As the news from Ukraine gets worse, momo is getting more aggressive in buying stocks.
• The thinking is that the Russian situation will make the Fed dovish.
• Early this morning, futures were down significantly.  As the morning has progressed, momo buying has reduced the drop.