
IGNORE THE HEADLINE INFLATION – CORE CPI BETTER THAN EXPECTED
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Ignore The Headline 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 headline is scary – inflation is at 8.5% year over year. However, investors need to dig below the surface. CPI came at 1.2% vs. 1.2% consensus month over month. Core CPI came at 0.3% vs. 0.5% consensus. Smart money is buying on Core CPI coming better than expected. The momo crowd is selling based on the scary headline. The chart






