AllTechnical Analysis
logoArgusMay 17, 2021

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term
Long Term
Summary

The stock market was slammed by not one, but two concerning inflation data points last week. The consumer price index for April jumped by 0.8% month-over-month and by 4.2% year-over-year. The producer price index was even more concerning, rising a lesser 0.6% month-over-month but a higher 6.2% year-over-year.

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