The key event this week that the market is looking forward to is the US inflation data.
Inflation is forecast to fall to 3.1% (YoY).
The release of the data as forecast will confirm the probability of the first rate cut in September, which will add to the already inflated market. But the thing is that the fact of the decrease will most likely be used as a basis for the sell the facts rule, and a correction of the inflated stock market is likely to start. And July - August there is still time to grow a little, so that the crowd would fully believe in the endless growth.
Stay tuned.
