Biden Sours The Sentiment By Calling China A "Ticking Time Bomb," Hotter PPI Against Stock Market Momo Narrative; Money Flows Negative In Apple, Tesla, And Nvidia
Portfolio Pulse from The Arora Report
President Biden's comments about China being a 'ticking time bomb' have soured the stock market sentiment. The Producer Price Index (PPI) came in hotter than expected, contradicting the bullish narrative that inflation is over. Money flows are negative in Amazon, Nvidia, Microsoft, Alphabet, Meta Platforms, Tesla, and Apple. Money flows are also negative in SPDR S&P 500 ETF Trust and mixed in Invesco QQQ Trust Series 1. The momo crowd is buying stocks, gold, and oil in the early trade, while smart money is selling stocks.
August 11, 2023 | 3:55 pm
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NEGATIVE IMPACT
Negative money flows in Apple could lead to a short-term decrease in its stock price.
Negative money flows indicate that more investors are selling their shares than buying, which could lead to a decrease in Apple's stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Biden's comments about China being a 'ticking time bomb' and the downward sloping trendlines in the Chinese stock market could negatively impact the Xtrackers Hvst CSI 300 China A-Shs ETF.
The worsening relationship between the U.S. and China, coupled with the downward trend in the Chinese stock market, could lead to a decrease in the value of the ASHR ETF.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Negative money flows in SPDR S&P 500 ETF Trust could lead to a short-term decrease in its price.
Negative money flows indicate that more investors are selling their shares than buying, which could lead to a decrease in the price of the SPY ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70