April 17, 2024

By Nigam Arora & Dr. Natasha Arora

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

A New Opportunity In AI Ahead

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 pulled back after breaking below the trendline.  
• The chart shows the support zone.  
• The chart shows that in spite of the pullback, the stock market is still about 5% above the support zone.  
• Powell had repeatedly made it clear that he was itching to cut interest rates.