
PPI GUT PUNCH TO ‘DATA DOES NOT MATTER’ INVESTORS IN THE STOCK MARKET, BESSENT WANTS 150 BPS RATE CUTS
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Hot Inflation 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: The chart shows the stock market hit a new high yesterday. The chart shows the stock market drop after the release of the Producer Price Index (PPI). The chart shows the stock market is comfortably above zone 1 (support). RSI on the chart shows the stock market is overbought. Treasury Secretary Bessent says interest rates should