
HOTTER NEW DATA HAS POTENTIAL TO HURT THE STOCK MARKET
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 the Consumer Price Index (CPI). Note the following: June Core Consumer Price Index came at 0.9% vs. 0.5% consensus.The headline CPI also came at 0.9% vs. 0.5% consensus. The data indicate that inflation is running much hotter than the consensus. For investors, it is important to take a look at CPI over a long term. This is the reason the chart shows CPI over the last 20 years. Note from the chart