⏰June 2026, the US stock market enters a period of high event density.

This month isn't just ordinary volatility; it's four major pressures converging at once:

AI hardware, inflation data, FOMC, and the SpaceX IPO.

The most critical window: June 10th - 18th.

CPI comes out first, followed by the FOMC meeting.

If inflation runs hot, AI growth stocks are vulnerable to valuation compression;

If the data cools, the market may continue its risk-on sentiment.

Key June Timeline:

June 1st: $NVIDIA(NVDA.US) GTC keynote in Taipei, kickstarting sentiment for the AI hardware chain.

June 3rd: Broadcom earnings, validating demand for AI ASICs and custom chips.

June 5th: Non-farm payroll data, impacting interest rate expectations.

June 8th-12th: Apple WWDC, focusing on on-device AI and Siri upgrades.

June 10th: May CPI, the first major risk point of the month.

Mid-June: Expected window for the SpaceX IPO, which could drain market liquidity.

June 16th-17th: FOMC meeting, new dot plot + Warsh's first chairmanship, determining market pricing for the rate path.

June 24th: Micron MU earnings, testing the health of the HBM/DRAM market.

My take:

June is not a month for mindless chasing of highs.

The real danger isn't the number of events, but that they're all crammed into a high-valuation zone.

The AI theme isn't over,

but volatility will increase significantly.

What you should watch isn't the news headlines,

but three things:

1. Whether CPI is re-accelerating

2. If the FOMC dot plot leans hawkish

3. Whether AVGO/MU can continue to prove the AI hardware chain has real profits

In a nutshell:

The core script for US stocks in June:

AI is the accelerator; CPI and the FOMC are the brakes.