MSM is singing the same song as the Fed – hawkish tone today. Likely due to the prelim GDP estimate of 6.4% which was lower than analyst’s estimate of 6.5%. this hawkish tone is setting up equity bullishness prior to 4 June. i still anticipate a sell-off before 4 june to take profits off the table prior. Anticipate and be ready to utilise tools to cover unrealized losses if possible. For now, equities bullishness is really off the charts !
