People from Fed got more hawkish again and said there is no plans for pause for hike in Sept and it depends on inflation. A few banks come out to warn about economy slow down and market ahead might be rocky. Yet these few negative news don't make any impact and market continues to grind higher. But I don't think this is a reversal. Let's hope this rebound maintain a bit longer. Take note that FOMC will be on 14-15 June. The hike of 0.5 is almost confirmed and should already be priced into the market. QT just started but nobody know the actual impact. But we should only see in later this year when the QT effects start to stack up month after month. So expecting the market to bounce within the range of 4000-4300 for June. Do not see any news for bull/bear to break this range.
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