Hotter Inflation And Higher Jobless Claims Raise Stagflation Risk; Mexico Opportunity - SPDR S&P 500 (ARCA:SPY)
To gain an edge, this is what you need to know today.Labor Market Steals The ShowPlease click here for an enlarged chart of SPDR S&P 500 ETF Trust SPY which represents the benchmark stock market index S&P 500 (SPX).Note the following:The chart shows that the stock market continues to levitate well above zone 1 (support).RSI on the chart shows divergence. This is a negative as this indicates the stock market is losing internal momentum even as it makes new highs.Consumer Price Index (CPI) was supposed to be ...