August 11, 2022

By Nigam Arora & Dr. Natasha Arora

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

Producer Price 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:

• One day after better than expected Consumer Price Index (CPI), Producer Price Index (PPI) is also softer than expected.
  • Investors should ignore year over year numbers and instead focus on month over month numbers.
    • To be successful, investors should not get caught up in their viewpoint.  More importantly, they should not justify their viewpoint by picking and choosing the data.