Hotter Core Inflation But Momo Gurus Have A New Narrative, Quadruple Witching Ahead
Portfolio Pulse from The Arora Report
The stock market is currently directionless, with core inflation running hotter than expected. The Producer Price Index and retail sales data will be released tomorrow. Tech CEOs are heading to Washington for a session with senators on AI. Quadruple witching is expected on Friday. Positive sentiment is seen towards Indian stocks after the G-20 summit. Early trade money flows are positive in Meta Platforms, Tesla, and Apple, negative in Amazon, NVIDIA, and Alphabet, and neutral in Microsoft. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. The momo crowd is buying stocks and selling gold in the early trade.
September 13, 2023 | 3:09 pm
News sentiment analysis
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NEGATIVE IMPACT
Amazon.com, Inc. is seeing negative money flows in early trade.
The negative money flows indicate investor uncertainty and could potentially lead to a short-term decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The momo crowd is selling gold in the early trade.
The selling of gold by the momo crowd indicates a potential short-term decrease in the price of the SPDR Gold Trust ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Alphabet Inc Class C is seeing negative money flows in early trade.
The negative money flows indicate investor uncertainty and could potentially lead to a short-term decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
NVIDIA Corp is seeing negative money flows in early trade.
The negative money flows indicate investor uncertainty and could potentially lead to a short-term decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Bitcoin is range bound above $26,000.
Bitcoin's range bound movement indicates a period of consolidation and could potentially lead to a breakout in either direction.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Microsoft Corp is seeing neutral money flows in early trade.
The neutral money flows indicate investor uncertainty and could potentially lead to a short-term stagnation in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Invesco QQQ Trust Series 1 is experiencing mixed money flows in early trade.
The ETF is experiencing mixed money flows, indicating uncertainty and potential volatility in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
No specific impact mentioned for iShares Silver Trust in the article.
The article does not mention any specific impact on the iShares Silver Trust ETF.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust is currently directionless with mixed money flows in early trade.
The ETF is directionless due to mixed market signals and upcoming quadruple witching. This could lead to volatility and uncertainty in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The momo crowd is like a yoyo in oil in the early trade.
The erratic behavior of the momo crowd indicates uncertainty and could potentially lead to volatility in the price of the United States Oil ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Apple Inc is seeing positive money flows in early trade.
The positive money flows indicate investor confidence and could potentially lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Meta Platforms Inc is seeing positive money flows in early trade.
The positive money flows indicate investor confidence and could potentially lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tesla Inc is seeing positive money flows in early trade.
The positive money flows indicate investor confidence and could potentially lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70