Market Notes for 5/30-6/2
Recap of last week: Last week we predicted weakness early in the week with potential market shenanigans being played on Monday then potential drop on Tuesday, this played out exactly as described. We also mention the drops will likely be a bear trap which was what happened as we saw the big rally to close the week which got helped by NVDA monster earnings beat.
Economic Calendar/Important Earnings for the week: This is going to be a Jobs week, PCE on Friday already has Fed Fund futures increase their percentage of another rate hike, Jobs can further escalate that higher if it comes in strong.
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