AllTechnical Analysis
logoArgusJune 14, 2021

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term
Long Term
Summary

Last week, the market took worrisome inflation data in stride, and the S&P 500 established an all-time high. Recall that in early May, stocks were staggered by CPI data that included an annual change of 4.2% in April consumer prices. Well, in early June, consumer prices for May were reported up by 5.0% -- but a broad-based rally ran right over that number.

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