August 10, 2022

By Nigam Arora & Dr. Natasha Arora

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

Good News

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:

• There is good news on inflation.  Here are the details of the CPI data:
  • July CPI came at 0.0% vs. 0.2% consensus month over month.
  • Core CPI came at 0.3% vs. 0.5% consensus month over month.
  • CPI rose 8.5% in July year over year.
  • Investors should focus on month over month numbers and not on year over year numbers.