
HOTTER CPI – MOMO CROWD USING HOPE STRATEGY GETS BURNED AGAIN
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Hotter CPI 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: Consumer Price Index (CPI) came hotter than expected. Headline CPI came at 1.3% vs. 1.1% consensus. Core CPI came at 0.7% vs. 0.6% consensus. THIS CLASSIC MISTAKE WILL COST YOU DEARLY – HERE IS HOW TO AVOID THE PITFALL The chart shows that S&P 500 was at the upper band of the support/resistance zone prior to the