The dog farm just loves to play with expectations, speculating on a rate cut in July, so before that, there will be a surge.

When July comes and there is no cut, they will then hit hard, making the rate cut in September a certainty.

The next script is:

A strong surge before the July rate cut, then when nothing happens, a heavy crash.

A slow rise in August, and in September, the announcement of a rate cut will open the market for a month of crazy rallies.

Until around early October when the bull market ends, large funds exit, and new retail investors enter to take over and get trapped again for four years.