By Nigam Arora & Dr. Natasha Arora Editor’s Note: This is the Afternoon Capsule that was provided before CPI was released.  CPI was released this morning.  To see the latest on CPI, please see the Morning Capsule that is available to paying subscribers.  The Morning Capsule is issued every morning before the market open. To gain an edge, this is what you need to know now. Industrial Stocks Hit A New High 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 key feature of today’s trading is that industrial

By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Speculative Fever Builds 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 AI frenzy driven rally in the magnificent seven stocks this year is causing a speculative fever to build.  The magnificent seven stocks are Apple (AAPL), Amazon (AMZN), Alphabet (GOOG, GOOGL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA). The chart shows that the stock market is consolidating after the formation of an island that was not well developed.