June 4, 2024

By Nigam Arora & Dr. Natasha Arora

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

Growth Fears

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 over 1% rally on Friday afternoon on rebalancing.
• We wrote in yesterday’s Morning Capsule:

In The Arora Report analysis, the last hour rally was due to month end rebalancing.  Often, the rally on rebalancing reverses.

• The chart shows the giveback of the rebalancing rally’s gains, which is inline with historical patterns.
• The chart shows Wall Street front running blind money.