
STRENGTH IN SERVICES STOPS MOMO SEASONAL RALLY
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Strong Services 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: Stocks have been rallying hard for the following reasons: Seasonality is positive. As we previously shared with you, momo gurus’ highly misleading narrative that focuses on the Fed slowing rate increases, but not on the terminal rate has taken hold. Momo gurus are projecting S&P 500 to reach 4500 by the end of the year. This






