On May 8th, the Federal Reserve will hold a meeting to decide on interest rates. The day before the meeting, the market is basically hesitant to make any moves and is observing.
Although everyone feels that there will be no interest rate cuts in May, this isn't bad news. However, the likelihood of a rate cut in June is very high. The current market may already be reflecting the positive outlook for June.
So, contract players shouldn't always short at the same price; over time, market conditions will change, and it could easily lead to losses.
