Consumer Price Index makes 'surprise' jump in June, by 0.1%
U.S. Consumer Price Index jumped in June, something that was apparently unexpected by several economists.
The Labor Department released data showing a 0.1% increase in the Consumer Price Index in June, the same as in May. Economists polled by FactSet had forecast no increase in the price index for June.
The ‘core’ Consumer Price Index, i.e. excluding food and energy, rose 0.3% in June - the largest increase since January 2018. In May, the core index rose 0.1%. Economists had anticipated an increase of 0.2% in the core measure for June. On a year-over-year basis, the core index rose 2.1%.
SPY in +1.35% Uptrend, advancing for three consecutive days on May 14, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SPY advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The 10-day moving average for SPY crossed bullishly above the 50-day moving average on April 15, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 434 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SPY broke above its upper Bollinger Band on May 06, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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