Social•May 12, 2026
CPI Turns Indicator Bearish, Oil Prices Gaining Influence
Today's CPI report pushed our disinflation/inflation indicator into its bearish mode. It's one part of the mosaic, but it's getting harder to say that higher oil prices are not having a broader impact. @NDR_Research https://t.co/tI1Z6ps4Ye
By Ed Clissold, CFA
Social•Apr 11, 2026
Market Shifts Require Four Steps, Retests Can Reset
The market goes through a 4 step process to transition from a downtrend to an uptrend. The process isn't always linear. Retests (step 3) can fail, resetting the process to step 1. In rare cases the market skips step 3,...
By Ed Clissold, CFA
Social•Apr 10, 2026
CPI Trend Indicator Remains Bullish for S&P 500
Today's CPI report was in line, with the core better than expected. Our long-term CPI trend indicator doesn't care about economists' expectations or excluding short-term moves in volatile sectors. It simply compares the headline CPI to its 6-month average. It...
By Ed Clissold, CFA