APOLLO: “.. Since the Fed started talking about rate cuts, households have turned more and more positive on equities.” [Slok] 🇺🇸 $SPX pic.twitter.com/hiTcBEXgM9

(Bloomberg) -- A pair of large bets in the fed funds futures market are attracting attention on Wall Street .. The wagers stand to benefit from a ramp-up in expectations that US policymakers will reduce rates as soon as July. @EddBolingbroke @business #FOMC 🇺🇸 pic.twitter.com/8WKjEp825T

The S&P 500 hasn't dropped 1% in May or June yet. 2014 was the last time that happened and 1968 before that.

S&P 500 up >4% in May and there as of now there in June. 1997 was the last time that happened. Small sample size yes, but up another 9.6% the final six months of the year back then.