November 14, 2024

By Nigam Arora & Dr. Natasha Arora

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

Hotter Wholesale 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 levitating near the highs after the breakout.
• The chart shows that the stock market was running up before the release of the Producer Price Index (PPI), but there is slight selling after the release of PPI.
• In the early trade, there is buying in celebration of Republicans maintaining control of the House, but the euphoria is being tempered by economic data.