Two biggest risks of this market still remain to be
1: 10Y and 20Y Bond yield going up
2: Upcoming Mag7 earning
Today, market is pushed down because yield is now at the criticial point. Many models are built assuming Bond yield is approaching its peak. If this is not the case, stock will sell off
Next week, we will see the Mag7 earning. If earning is good, and Bond yield retreat, we will go back to race to ATH
I just want to send this bigger picture out so people are not panic