Inflation Hotter Than Expected But Momo Gurus Have A New Narrative To Buy Stocks

Benzinga ·  Feb 13 10:45

To gain an edge, this is what you need to know today.

Hotter Inflation

Please click here for an enlarged version of the chart ofSPDR S&P 500 ETF Trust(NYSE: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...
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