Personal insights on the US stock market trends in the next three months

I already posted an analysis on March 17th, predicting that the U.S. stock market would enter an adjustment period from March to June. My view remains unchanged, but based on recent U.S. economic data and regional developments, I now expect a larger adjustment in U.S. stocks.
1. The Middle East situation is like pressing down a gourd only for a ladle to pop up. The Israeli cabinet is in a tough spot now. Iran is not Palestine—they have missiles and even export small drones ("little motorcycles") to Russia. So, I still believe both sides are currently at the stage of exchanging threats and verbal spats. In the coming months, oil prices will likely fluctuate upward.
2. Oil prices affect U.S. inflation. Expectations of a rate cut seem to have diminished again, unless the Federal Reserve truly ignores inflation. Although Goldman Sachs' contrarian bets might pay off ("buy the opposite, villa by the sea"), several top U.S. financial institutions are calling for rate hikes—this could be another "wolf is coming" story.
3. The depreciation of Asian currencies. The USD/JPY has already broken through the 150 mark and is not far from 160. As the second-largest holder of U.S. Treasuries, the Bank of Japan may have no choice but to sell U.S. bonds to prevent a yen collapse. Will U.S. Treasury yields hit the 5% mark? This is an indicator worth watching.

In summary, regional tensions have heightened global investors' expectations for risk hedging.
The above is just my humble opinion. I welcome any corrections if I'm wrong.