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Last 4 times S&P 500 down into Core PCE release, gained 5D later 4 of 4 times

VIDEO: We believe stocks will rally in the week post April PCE data release.

Please click below to view our Macro Minute (duration: 4:47).

The S&P 500 is down -1% in the past week. This is a weak finish to what has been a strong month with S&P 500 on track to gain >5% in May. On Friday, 5/31, April Core PCE (Fed's preferred measure of inflation) will be released:

Since the end of 2022, stocks have generally risen into the PCE release...

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