March 31, 2025

By Nigam Arora & Dr. Natasha Arora

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

Stagflation Risk Rises

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 this morning the stock market is again approaching the low band of support zone 1.
• The chart shows that the rally from recent lows failed just after crossing the 200 day moving average.  When the stock market crossed above the 200 day moving average, legions of investors who believe in the myth of the 200 day moving average turned bullish.