
SMART MONEY SELLS ON MOMO CROWD MISINTERPRETING RETAIL SALES AND PPI DATA
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Smart Money Sells 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: Atlanta Fed President Bostic spoke at 9am ET, and St. Louis Fed President Bullard spoke at 9:30am ET. Both of their speeches were in line with their prior speeches that we shared with you in previous Capsules. In the Morning Capsule, we shared with you that investors were misinterpreting the latest economic data and buying stocks.