SPY will rebound next week BUT it has weakened as well as economy

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Despite being down TLT holds well against SPY

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Last week gas slows monday to monday +6.2%…net 23.4%

Slows from +16.2..and this week much slower +2%

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Gas starts to level off +2% this week…wk3 (last)

Net is +25.4% or +7.9% last week.

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CPI est2 to surge to 2.9

Then fall to 2.0 by end of year with 3 cuts Sep Oct Dec.

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SPY 12wk -0.8%

Consolidating Feb-Apr…

And 12wk…-2.69% OR -4.3% off recent peak at 200dma ready for big bounce.

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Gas Buddy Slows Down +6.3% this week …+23.7%

Last week +16.4…total +23.7%

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Quite Rare Gasoline 8.6 SD +16.2% FRED wkly change

8 SD means 8 standard deviations.

This is quite rare but will create inflation scare necessary to keep Fed on hold.

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TLT to SPY last week

it’s the best in 12 months with 3 dots above 12 wkma.

In October, it did not turn to bull because SPY too strong 12 wk 6.9%.

52wk ROC was still -16%. At that time, no chance to turn by Dec.

Now due to turn 52wk ROC and X 40wkma by May because SPY 12 wk is -0.4%.

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Neg Payrolls Widespread: Construction, Information, Transportation, Healthcare

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