HOTTER PRODUCER INFLATION AND DECLINING RETAIL SALES – MOMO IN LA LA LAND, OIL DEFICIT PREDICTION
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Hotter PPI
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 staying above the trendline.
- As long as the stock market stays above the trendline, the momo crowd is going to continue to buy stocks.
- The data just released shows that the momo crowd is in AI la la land and paying no attention to the data. You may recall that The Arora Report was the first one to call that AI would be big and a fortune was to be made in AI.
March 14, 2024