PPI GUT PUNCH TO ‘DATA DOES NOT MATTER’ INVESTORS IN THE STOCK MARKET, BESSENT WANTS 150 BPS RATE CUTS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Hot Inflation Data
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 stock market hit a new high yesterday.
- The chart shows the stock market drop after the release of the Producer Price Index (PPI).
- The chart shows the stock market is comfortably above zone 1 (support).
- RSI on the chart shows the stock market is overbought.
- Treasury Secretary Bessent says interest rates should be 150 – 175 bps lower.
August 14, 2025