To gain an edge, this is what you need to know now.
ISM Prices Index
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 continues to be in the mode of aggressively buying stocks. The news and the data do not matter because the momo gurus are experts at twisting things to persuade investors to buy stocks.
- The chart shows that the day started out with buying in stocks in celebration of Pelosi safely leaving Taiwan.