Will June Present an Average Month? NFP & Rate Decision Ahead!

Tiger_comments
2023-06-01

In May, the stock market was influenced by earnings and the AI concept, resulting in both gains and losses. Although the saying advises people to sell in May, investors holding technology stocks must have achieved decent returns as $NASDAQ(.IXIC)$ rose by over 20%.

$NVIDIA Corp(NVDA)$ and the semiconductor sector rose nearly 30%. Tech sector posted rally as most of their earnings beat estimates.

Will June deliver a surprise?

Looking at historical data, June tends to have a relatively subdued performance. However, the month presents an opportunity for new investors to make strategic investments and potentially reap significant profits in the future. 

Non-farm payroll tomorrow

 

 

Hit the pause button to this unprecedented rate hike?

May CPI will be released on 13th June; Fed interest decision will be announced on 14th May.

Currently, the market is expecting the inflation continue to go down, and Fed won’t hike interest rate in June.

 

 

 Will it really be the case this time?

What significant events are expected to occur in June?

What are your expectations for the stock market?

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • nerdbull1669
    2023-06-01
    nerdbull1669
    I think we should plan our trading to take into account whichever way the market swing, because I have learn from past market swing that opportunities is still there to make money from trading some defensive stocks. Hope this helps.
    • happygo: 
      Thanks for the advice, I appreciate it. Do you have any other tips for someone new to trading? 🤔
    • dimpy: 
      That's a great strategy, being able to adapt to different market conditions is key. Do you think this is a good time to buy or sell? 🤔
  • Shyon
    2023-06-05
    Shyon
    I think stock market will be in short term bullish. Inflation will continue to go down in June and Fed will at least cease the rate hike this month. How do you think?
    • ShyonReplycutzi: 
      I seeing higher chance to have a healthy pullback these few days.
    • gleezy: 
      Yo, what do you think about the Fed pausing the rate hike and the possible impact on the market?
    • cutzi: 
      I've got a feeling the short-term stock market is gonna see some green. What's your gut telling you?
  • icycrystal
    2023-06-01
    icycrystal
    hard to say which way the market will swing since things seem to be uncertain. am taking precautions and trying not to trade aggressively. take it slow, easy and steady. [smile] [smile] [smile]
    • snappyz: 
      With so much uncertainty, I'm being cautious and not making any rash moves. Better safe than sorry, right?
    • fizzzi: 
      It's tough to predict where the market is headed, but I'm playing it safe and not taking big risks. Slow and steady wins the race!" [thumbs up]
  • icycrystal
    2023-06-01
    icycrystal
    @ydnh @accuy @thong @Fin @loi what about you guys [smile] [smile] [smile]
  • Hhee
    2023-06-03
    Hhee

    Great ariticle, would you like to share it?

  • Ju Jue
    2023-06-02
    Ju Jue

    Great ariticle, would you like to share it?

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