April 12, 2022

By Nigam Arora & Dr. Natasha Arora

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

Ignore The Headline

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:

• The headline is scary – inflation is at 8.5% year over year.  However, investors need to dig below the surface.
  • CPI came at 1.2% vs. 1.2% consensus month over month.
  • Core CPI came at 0.3% vs. 0.5% consensus.  
• Smart money is buying on Core CPI coming better than expected.
• The momo crowd is selling based on the scary headline.