BlockBeats News, June 16th. Leverage product researcher degentrading stated that ahead of the Federal Reserve's FOMC meeting, the current position is a suitable area for deleveraging—this short-term weakness can be expected. After all, the market experienced a large-scale short covering rally yesterday, and with the establishment of FOMC hedges, some degree of softness in the market is normal.
From a longer-term perspective, this stock market pullback may be the market's final opportunity to add leverage before the "uncertain checkpoint of the FOMC," after which the market is expected to continue its upward trend and overcome this "wall of worry."
Due to the shortened trading week and the convergence of FOMC and Options Expiration (OPX), market volatility is expected to increase.
Note: Thursday, 2:00 PM, the Federal Reserve FOMC will announce the interest rate decision and economic projections summary; 2:30 PM, Fed Chair Powell will hold a monetary policy press conference. On Friday (June 19th), the New York Stock Exchange will be closed for the June holiday.
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