STOCK BUYING ON NEW MOMO NARRATIVE – A NEW BULL MARKET HAS STARTED
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
New Bull Market Narrative
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:
- After a strong jobs report, the probability is very low that the Fed will conform to the momo crowd’s narrative that the Fed will stop raising interest rates and start cutting interest rates. This momo crowd narrative had been largely responsible for the stock market rally. For details, please see Friday’s Morning Capsule.
- In Friday’s Morning Capsule we wrote,
… Please click here or the title below to read more.The Jobs Report shows that the momo narrative is shockingly wrong.
August 8, 2022