
INFLATION STAYS ELEVATED BUT MOMO CROWD BUYS STOCKS
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Inflation Stays Elevated 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 around the top band of the support/resistance zone. When this behavior is looked at in the context of the CPI numbers given below, the only objective conclusion is that the momo crowd is in control. For the stock market to go down substantially, the bullish momo crowd