Deploy Cash – Cooler CPI Provides Fuel For Stock Market To Move Higher - Apple (NASDAQ:AAPL)
Deploy CashOur model has given a signal to deploy cash. The trigger for this move is cooler than expected Consumer Price Index (CPI). In our protection band, cash is being reduced by 3%. Cooler CPIPlease click here for a chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX).Note the following:The chart shows buying in the stock market after the release of CPI data.The chart shows that during the recent pullback the stock market did not even touch the to ...