$Invesco QQQ Trust(QQQ.US)$SPDR S&P 500(SPY.US)

Goldman Sachs' report says U.S. stocks surged in April. 🇺🇸 The equity allocation of public and corporate pension funds is significantly higher than their long-term target allocation, so the pension funds will execute large-scale passive rebalancing:

That is, selling U.S. stocks and buying 🇺🇸 Treasury bonds, expected to be on the last trading day of April. Before that, the market should see some pre-emptive risk-off selling. We previously expected a possible pullback around the earnings peak (4.28-5.2) or later. Combined with pension funds selling U.S. stocks, if peace talks make no progress, the 📉 might come earlier. So, should we run?