September 13, 2023

By Nigam Arora & Dr. Natasha Arora

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

Hotter Core Inflation

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 in between the top support zone and mini resistance zone.
• The chart shows that RSI is approaching oversold.
• The chart shows that, overall, the stock market is directionless.
• The newly released data shows that core inflation is running hotter than expected.  Here are the details of the consumer price index.