We are in a bull market, but aware short-term market dynamics this week

The technical bull market is here! On last Thursday, June 8, Eastern Time, the three major U.S. stock indexes closed up across the board. The $S&P 500(.SPX)$ hit its highest closing level since 2023, entering a technical bull market.

Monthly chart

The number of Americans filing for unemployment benefits surged last week, and the job market cooled as investors await next week's inflation data and the Federal Reserve's monetary policy meeting.

On the same day, technology stocks represented by $Apple(AAPL)$ , $Amazon.com(AMZN)$ , $Netflix(NFLX)$ , $Meta Platforms, Inc.(META)$ , and $Microsoft(MSFT)$ all rose.

According to media reports, on June 8, $Meta Platforms, Inc.(META)$ CEO Zuckerberg announced a plan to employees to add generative AI text, image and video generators to his flagship products (such as Facebook and Instagram), but the Kerberg described it as an extension of work on the Metaverse rather than a replacement for it.

According to wind, in July 2023, $Alphabet(GOOG)$ will launch a new advertising transparency policy. The new advertising transparency policy will detail certain advertiser-related information, which will be made available to all users, and introduce an AI safety framework. In addition, $Alphabet(GOOG)$ is expanding its application of new AI technology in the field of health care, enabling professionals in top US hospitals to use various tools such as chatbots to quickly find patient information. Generative AI is changing the health care industry.

According to industry sources, $Samsung Electronics Co., Ltd.(SSNLF)$ , $Alphabet(GOOG)$ , and $Qualcomm(QCOM)$ are developing new MR devices, aiming to launch them as early as this year. Industry insiders predict that the MR market will become a new battlefield between the Apple and Android camps.

$Apple(AAPL)$ previously stated at WWDC 2023 that users who wear glasses need to purchase additional clips if they purchase the Vision Pro headset, but did not specify the specific cost. Mark Gurman, a well-known Apple whistleblower reporter, said that Apple and Zeiss cooperated to customize the glasses clip for the Vision Pro headset. Unless Apple bears part of the cost, the price of such a clip is at least between 300-600 US dollars.

How to invest in a technical bull market? How to choose stocks for AI outlets? What‘s your idea？

However, for this coming week:The upcoming May CPI data and the Fed rate hike meeting are important economic events that may affect short-term market dynamics. With investors already betting that the Fed will pause rate hikes this month or even cut rates by the end of the year, caution is advised due to the potential market reaction to the Fed's decision. Monitoring investor sentiment through dark pools, especially that of investment banks and hedge funds, can provide valuable reference for market positioning.

Trip to CBOE @Chicago