
INFLATION HOTTER THAN EXPECTATIONS – SMART MONEY SELLS – MOMO GURUS WRONG AGAIN
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Hotter Inflation 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 the consensus. Here are the details of the month-over-month numbers: The headline number came at +0.1% vs. – 0.1% consensus. Core CPI came at 0.6% vs. 0.3% consensus. The chart shows the release of the CPI data. Note the wide range of the bar. The high of the bar occurred





