HOT CPI PRIOR TO TRUMP TARIFFS – POWELL NOT COMING TO THE STOCK MARKET’S RESCUE
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Hotter 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 was in the micro resistance zone prior to the release of inflation data.
- The chart shows that as of this writing after the release of the Consumer Price Index (CPI) data the stock market fell below the low band of the micro resistance zone.
- The chart shows that the stock market has made several attempts to break above the micro resistance zone over a period of time.
February 12, 2025