AaronJe
06-15 11:23

$SPDR S&P 500 ETF Trust(SPY)$  The bears might be fighting the wrong tape here.

Market sentiment seems to be shifting, and some trend sectors look poised. Power semiconductors benefit from the 800V acceleration trend. For optics, easing InP supply constraints provide a boost. The success of the SPCX IPO could open the door for more risk-on flows into growth and space names. Lower crude prices and easing geopolitical tensions are bullish for the broader market.

Rate hike odds have already collapsed from 65% to 35%, oil is falling, and risk appetite is rising.

The market has some momentum. Could be an interesting week ahead.

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