Everyone is looking to buy stocks, it seems they want the market to party, on the other hand there are three major risk events ahead.
- June 15th FOMC meeting. FOMC is not likely to raise rates but the language of the FOMC statement may trouble the market.
- Brexit on June 23rd, if Britain decides to leave EU, stocks may fall.
- Spanish elections results on June 26th may trouble the market.
There are changes of an increase in Volatility in the near term.
SP500 is 3.68% YTD and Nasdaq100 is -1.58%