DON’T IGNORE CHINA RISK IF YOU ARE CAUGHT UP IN AI FRENZY, EUPHORIA BUILDS ON COOLER CPI, $2400 GOLD
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Cooler CPI
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 making a new high.
- The chart shows that the new high is on low volume, indicating a lack of conviction.
- The chart shows the stock market running up after the release of Consumer Price Index (CPI). Futures were negative before the release of CPI but moved higher after the release of CPI.
July 11, 2024