
HOTTER INFLATION – MOMO BUYS THE BAD NEWS, JP MORGAN CEO SAYS RECESSION NOT ‘OFF THE TABLE’
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: The chart shows that the stock market is hovering above the trendline. The chart shows when the Consumer Price Index (CPI) was last reported, the stock market fell as CPI was hotter than expected. The difference between when CPI was reported last time as shown on the chart and the CPI release this time is that stock