
INFLATION HOTTER THAN EXPECTED BUT MOMO GURUS HAVE A NEW NARRATIVE TO BUY STOCKS
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 a slight pullback on inflation data. The chart shows volume continues to be low, indicating lack of conviction. The volume today will be a tell. If the stock market pulls back on heavy volume on bad inflation data, that will be an indication that the bulls are losing control. On the other hand, if