May 11, 2022

By Nigam Arora & Dr. Natasha Arora

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

Inflation

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 momo crowd uses hope as a strategy.  Prudent investors know that hope is never a good strategy – this is being vividly demonstrated in the stock market today.
• Yesterday, the momo crowd aggressively bought NASDAQ stocks as they believed that CPI data would be less than the consensus and the stock market would stage one of the biggest rallies.