Looking Ahead

The QT for 3 months (from June till Aug) at half size 95b will be straining the market, interest rate hikes also will add to the burden of many enterprises borrowing from the bank or even in the bonds market.

June might not be such a bad month as it's a quarter end, but July and August will see great impact to the stock and bonds market.

Again Sept, after seeing substantial decline in the markets, will recover a bit towards quarter end.

This is my view of the market before any changes in parameters mentioned above.