August 31, 2023

INDIA ETF IS THE BEST GROWTH OPPORTUNITY FOR LONG TERM INVESTORS

By Nigam Arora & Dr. Natasha Arora

Signal(s) to enter, add, reduce, exit, hold or change.

GDP

India’s GDP grew by 7.8% in the April – June period vs. 7.7% consensus. This is a very strong growth number and the fastest in a year.

India Vs. China

India is ascendant. As a comparison, we previously shared with you in the Morning Capsule dated July 17 that China’s GDP grew by 6.3% year-over-year vs. 7.1% consensus. In China (FXI, ASHR), the growth was slower than expected.

G-20

The G-20 summit is in India next week. G-20 represents the world’s 20 largest economies. … Please click here or the title below to read more.

August 31, 2023

SALESFORCE IN ARTIFICIAL INTELLIGENCE ERA, PERSONAL SPENDING RISES BUT INCOME FALLS, NEW INFLATION DATA

By Nigam Arora & Dr. Natasha Arora

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

Quick Recovery

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 has quickly recovered most of August losses in the last five trading sessions.
The chart shows that RSI has quickly gone from oversold to overbought.
Today is the last day of the month. Expect month end volatility.
Tomorrow, blind money will pour into the stock market. Blind money is the money that pours into the stock market on the first two days of the new month without any analysis and irrespective of market conditions.

… Please click here or the title below to read more.

August 31, 2023