Argus

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Jun 09, 2026

Intermediate Term

Long Term

Summary

The stock market attempted to erase some of Friday's massive losses, but mostly failed. In the short-term, the bears still have the upper hand, as many stock indices failed at key retracement levels as well as at clusters of moving averages. That is not surprising, considering the almost-uninterrupted rally in April and May as well as the pending inflation data and the SpaceX IPO. Index gains on Monday came exclusively from the scorchingly hot semiconductor stocks, as investors decided to take advantage of the recent weakness an

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