[9th Anniv. Quiz] With Fed "June Pause” Strengthened, Be Fear or Greed?

Topic for tigers: In today's market, do you see more greed or fear?

May CPI data on Tuesday shows US inflation continued to cool down, and expectations for the Fed to pause(Probabilities of no change is 95.34% )interest rate hikes in June were strengthened.

Even most Economists expect Fed to pause in June as follows:

After the CPI data, all the three major U.S. stock indexes closed up collectively. The $道琼斯(.DJI)$ rose for six consecutive days, hitting a four-month high. .

On the disk, technology stocks continued to lead. $特斯拉(TSLA)$ rose 3.55%, rising for 13 consecutive trading days, setting a new record for the company's longest winning streak in history; $英伟达(NVDA)$ rose nearly 4% to a record high, and its market value regained $1 trillion $苹果(AAPL)$ fell 0.3 % from its all-time closing high.

From the perspective of YTD2023, this year's U.S. stock technology stocks have rebounded relatively sharply, and the profit-making effect is strong.

It is worth noting that the U.S. stock market fear and greed index has risen close to 80, which is in the extremely greedy range.

$Invesco QQQ Trust(QQQ)$ And $S&P 500(.SPX)$ Hit New Highs

Due to the strong earning reports by the tech giants like Google, Facebook, Microsoft, and Amazon, tech stocks are rallying. This has led to a surge in the benchmark NASDAQ 100 index, which has hit its highest level since April 2022. The index currently stands at 14,784, its highest level in the last 13 months.

The S&P 500 index has also broken above its August 2022 high. The benchmark index currently stands at 4,338. The market momentum indicator of the fear and greed index depends on whether the S&P 500 is above or below its 125 MA.

Andrew Lokenauth，funder of https://www.thefinancenewsletter.com/ commented：

The Fear & Greed Index is a measure of investor sentiment, and it is currently at 78, indicating an extreme level of greed in the US market. This suggests that investors are overwhelmingly optimistic and willing to take on higher risks in pursuit of potential gains. While the current market rally is impressive, it is important to remember that it cannot last forever. The Fear & Greed Index is a leading indicator, and it is often a sign that a market correction is coming. Investors should be prepared for the possibility of a pullback in the near future.

Where will bull level to go? When will the "retracement" happen, and you feel more greed or fear?

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