As the U.S. stock market enters a historically strong month, investors are cautiously optimistic. The S&P 500 and Nasdaq Composite have shown significant gains in the first half of the year, defying recession fears and banking crises. However, uncertainty looms as the Federal Reserve plans to raise interest rates. Investors will closely monitor employment data, second-quarter corporate results, and the consumer price index report for insights into the state of the economy. Rising bond yields and concerns about economic fallout from rate hikes have some investors skeptical about the rally’s sustainability.