Critical Inflation Data Ahead, Credit Card Debt Hits $1 Trillion, China Enters Deflation
Portfolio Pulse from The Arora Report
The Consumer Price Index (CPI) and Producer Price Index (PPI) data are due to be released, with both expected to show a 0.2% increase. Household debt has hit $17T, with credit card debt reaching a record $1.03T. China has entered deflation, but the situation is not as bad as it seems. Positive money flows are seen in Amazon, NVIDIA, Microsoft, Alphabet, Meta Platforms, Tesla, and Apple, while negative flows are seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Bitcoin has moved above $30,000.
August 09, 2023 | 4:52 pm
News sentiment analysis
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NEGATIVE IMPACT
The momo crowd is selling gold in the early trade.
The selling of gold by the momo crowd indicates potential short-term decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Negative money flows are seen in Invesco QQQ Trust Series 1 in the early trade.
Negative money flows in Invesco QQQ Trust Series 1 indicate potential short-term decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Negative money flows are seen in SPDR S&P 500 ETF Trust in the early trade.
Negative money flows in SPDR S&P 500 ETF Trust indicate potential short-term decline.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The most popular ETF for silver is iShares Silver Trust.
The article mentions iShares Silver Trust as the most popular ETF for silver, but does not provide any specific information that would impact its price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The most popular ETF for oil is United States Oil ETF.
The article mentions United States Oil ETF as the most popular ETF for oil, but does not provide any specific information that would impact its price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Apple's stock has a significant impact on the overall market. Positive money flows are seen in the early trade.
Apple's stock is the largest in the market and has a significant impact on the overall market. Positive money flows indicate potential short-term growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Positive money flows are seen in Amazon in the early trade.
Positive money flows in Amazon indicate potential short-term growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bitcoin has moved above $30,000.
Bitcoin's price increase above $30,000 indicates potential short-term growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Positive money flows are seen in Alphabet in the early trade.
Positive money flows in Alphabet indicate potential short-term growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Positive money flows are seen in Meta Platforms in the early trade.
Positive money flows in Meta Platforms indicate potential short-term growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Positive money flows are seen in Microsoft in the early trade.
Positive money flows in Microsoft indicate potential short-term growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Positive money flows are seen in NVIDIA in the early trade.
Positive money flows in NVIDIA indicate potential short-term growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Positive money flows are seen in Tesla in the early trade.
Positive money flows in Tesla indicate potential short-term growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80