Some people are still confused after the recent Federal Reserve meeting, and now there is a concern for Thursday’s market, with technology stocks appearing to be particularly unstable.

The Fed recently decided to hold off on increasing interest rates, but they expect to do so twice in the future. However, Chairman Jerome Powell attempted to make this news less alarming. Despite this prediction, the market has not factored in the suggested two rate hikes.

Some say don’t overthink this:

Tim Duy, the primary economist for SGH Macro Advisors, advises against interpreting Powell’s statement as indicating a willingness to be less strict. He believes that the decision to increase interest rates was made in May and that misunderstandings about the Fed’s intentions have led to confusion. Therefore, Duy recommends expecting interest rate hikes in both July and either October or November.

According to a report from research firm Evercore ISI, led by Julian Emanuel, the Federal Reserve may not be as influential in the stock markets as people think. The report argues that Powell and the Fed are not in a position to take drastic measures that would harm the stock market‘s growth.

According to Emanuel and the team’s note to clients, it is unlikely that the Federal Reserve has put an end to the “momentum market”. They draw a comparison to the summer of 1999, which was also volatile and unpredictable. They defined a “momentum market” as one that is not easily influenced by external factors such as the actions of the Federal Reserve.

What factors will bring an end to the strong and unstoppable bull market? Here is the list they have compiled:

Emanuel and his team are keeping a close eye on certain indicators that could suggest that the market is about to reach its peak, especially as the S&P 500 gets closer to the 4,450 mark. Evercore, in a note published on June 4, stated that if the market continues with its current level of momentum, it is possible that their projected price target for the S&P 500 at the end of the year could be reached as early as July 4.

Evercore suggests that investors should remain optimistic about certain stocks known as “momentum masters,” including Alphabet (GOOGL), Zscaler (ZS), and Copa Holdings (CPA). These stocks are classified under the Russell 1000 index and have achieved a strong performance both year-to-date and since March 30, placing them within the top 20 of the index. All of these stocks have received an outperform rating from analysts.

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