Stock market begins pullback today about 1-2% down for major indexes. However, this is after market bottom 03/24 so markets scored impressive 25-30% rally.
Both Fed actions, top-out of virus pandemic, and expectation for better time are combinations of factor to boost stock market price.
Fundamentally, earning reports are worth of attention. Economic factors of slowdown, store closures, layoff, are next wave of potential trouble.
Stock markets are much ahead of itself and overly optimistic, Thus, record high of Amazon, rally from Apple and Telsa are some concerns of overheated market reactions.