To gain an edge, this is what you need to know now.
Fed Concern
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:
- In the Morning Capsule, we wrote that the momo crowd was buying stocks ahead of JOLTS, ISM, and FOMC minutes.
- The chart shows when JOLTS and ISM data were released
- JOLTS job openings came at 10.458M.
- In The Arora Report analysis, the Fed would like to see a number below 9M.
- Here are the details of the ISM data:
- ISM Manufacturing Index came at 48.4% vs.