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Hotter Inflation

Please click here for an enlarged 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 that the stock market made a new high and is above the support/resistance zone.
• The chart shows there is selling this morning after the release of economic data.
• Most troubling for the stock market is that the Consumer Price Index (CPI) came hotter than expected. Of course, as a member of The Arora Report...