
CONSUMER BUYING BINGE CONTINUES
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Buying Binge 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 is hovering near the channel low band. The chart shows that the market is no longer overbought. Investors need to pay attention to consumer behavior because the U. S. economy is 70% consumer-based. The consumer buying binge continues for the time being even though consumers have a lot of apprehensions about inflation. Consumers are willing to pay higher