Why the next 10 trading days are a make-or-break moment for this bull market

📆 4/10/2024 6:46 PM
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The reaction to the hot inflation data Wednesday isn't as important as the next 10 trading days.

The reaction to the hot inflation data Wednesday isn't as important as the next 10 trading days. Here's why: Since the October 2023 low, we've had five CPI reports. The S & P 500 has been higher two weeks later all five times. Given the near 30%-plus advance over that time, this isn't surprising. However, not every report has been great. The market's response – over the ensuing 10 trading sessions – has been solid each time, though.

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