The market corrected about -6% and has bounced back to close to the old highs. It is now back to a more overbought condition than it was before, as the market’s momentum has slowed. We would expect the market to struggle getting over the previous high of around 5250. The inflation numbers are on Wednesday when the CPI is reported. The consensus is for 0.3% to 0.4% depending on service for April versus March and 3.4% year-over-year.

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