March 12, 2024

By Nigam Arora & Dr. Natasha Arora

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

Hotter 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 hovering above the trendline.
• The chart shows when the Consumer Price Index (CPI) was last reported, the stock market fell as CPI was hotter than expected.
• The difference between when CPI was reported last time as shown on the chart and the CPI release this time is that stock market euphoria has significantly expanded.