June 12, 2023

By Nigam Arora & Dr. Natasha Arora

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

Gun Loaded, Finger On The Trigger

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:

• The chart shows that the stock market is at the top band of the resistance zone.
• There are two very important events ahead.
  • Consumer Price Index (CPI) will be released on Tuesday at 8:30am ET.
    • Consensus for headline CPI is 0.2%.
    • Consensus for Core CPI is 0.4%.
    • In addition to the headline number and Core CPI, there are many other details in this inflation report.