John Authors argues the current market correction is driven by two main factors: a shift in Fed expectations towards a potential hike (though he questions its necessity) and the upcoming SpaceX IPO. He sees the selloff as a correction, not a bear market, with room to fall. He also notes the US exceptionalism trade may persist due to strong employment data.
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Financial Media
John Authors 7.0
Financial Media
John Authors 7.0
6/8/2026 7:20:39 AM
ndx
Authors describes the tech selloff as a correction, not a bear market, but sees 'plenty of room to fall' in the short term.
yields
He discusses the shift in expectations towards a Fed hike, which would push yields up, but he personally questions the necessity of a hike, suggesting a cautious view.
