HOTTER PPI FOLLOWS HOTTER CPI, BUT MOMO CROWD IGNORING INFLATION ON TRUMP HOPIUM
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Hotter PPI
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 the Consumer Price Index (CPI) dip was aggressively bought yesterday.
- The chart shows that the stock market is now back at the low band of the micro resistance zone.
- Based on historical precedence, the stock market should have fallen over 1000 DJIA points yesterday on hotter CPI data. The momo crowd extremely aggressively bought the dip, resulting in the stock market closing down only 225 DJIA points.
February 13, 2025