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Will June Present an Average Month? NFP & Rate Decision Ahead!
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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? Click to join our topic and win tiger coins!
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.
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