DATA FROM UK SPOILS MOMO STOCK MARKET PARTY, FED MINUTES AHEAD
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
UK Data
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:
- Momo gurus’ job is to persuade their followers to buy stocks, and the momo crowd professes to know that the stock market is going much higher. They have no real use for data, especially data from overseas. However, the momo crowd faces a problem – there is smart money and other groups in the stock market that pay attention to the data.
August 17, 2022