Guotai Haitong: US stocks may experience a period of volatility for at least one or two months.

According to Mars Finance, citing Jinshi, a research report from Guotai Haitong Securities points out that the May non-farm payroll data continued to exceed expectations, signaling a stabilization and recovery in the US job market, catalyzing market expectations for interest rate hikes, and leading to a significant adjustment in asset prices. The US dollar strengthened, US Treasury yields jumped, US stocks fell sharply, and gold weakened. Guotai Haitong believes that there are still disagreements within the Federal Reserve, and it may not raise interest rates this year. However, the market may be affected by liquidity shocks in June, and US stocks may experience at least one or two months of volatility.