Argus

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Apr 22, 2026

Intermediate Term

Long Term

Summary

On Tuesday, the major stock indices fell for a second straight day for the first time since the end of March. Losses over the two days amount to less than 1%, after the S&P 500 (SPX), Nasdaq, and Nasdaq 100 hit all-time highs on April 17. The SPX pulled back to its extremely short-term five-day exponential moving average and bounced, while the other two indices have not even made it that far. Light Sweet Crude (WTI) popped at the end of the day on news that Vice President J.D Vance would not be going to Pakistan for additional diplomatic talks with Iran. WTI quickly ran up t

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