Nine consecutive weeks of gains set a 40-year record, with a bull-bear indicator of 8.5, and historical data suggests it's time to fall, but the bulls are still gambling heavily on SpaceX and Powell. On this gambling table, who is willing to leave first?

ME News, June 1 (UTC+8): U.S. stocks have risen for nine straight weeks, setting the longest winning streak in 40 years—surging 20% in one go. The AI frenzy continues; geopolitical risks cool off; market sentiment is fully charged. Everyone feels like this time is different.

But just then, Bank of America’s chief strategist Hartnett sounded the alarm: this could be the largest bubble in human history since the railroad bubble of the 19th century.

The bull-bear indicator climbs to 8.5. Historically, every time it reaches this level, over the next two or three months U.S. stocks tend to fall an average of 2% to 3%, and in the worst cases, they can drop as much as 20%.

However, no one is cashing out early. Everyone is waiting for June’s showdown: whether SpaceX can land smoothly, how the new Federal Reserve Chair’s first move will be set alight, and whether the Strait of Hormuz will open or turn into war.

The bulls are betting big—betting that these negative factors can be turned into safety and opportunity.

But on the poker table in June, not only are there tempting...