U.S. May job growth exceeded all forecasts, with the unemployment rate remaining stable, indicating that the labor market may be emerging from a prolonged period of sluggish hiring. This prompted JPMorgan to fully price in a Fed rate hike by the end of this year. Traders have fully priced in a 25 basis point Fed hike by December, with the probability of a hike as early as October seen at around 60%, and public opinion endorsing short selling is starting to form. After the data release, U.S. Treasury yields surged, with the 20-year/30-year yields climbing back above 5%. Gold, silver, and TLT plummeted. If Warsh pushes for balance sheet reduction again, the liquidity drain from Musk's SpaceX IPO, combined with the significant profit-taking pressure after nine consecutive weeks of gains, leads me to believe a deeper correction is imminent!$Micron Tech(MU.US)$Marvell Tech(MRVL.US)$Hang Seng Index(00HSI.HK)