What factors contributed to the pause in equity markets as discussed in the text?
JPMorgan Says Equities Slump Is a Pause, Not Reversal of a Trend

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How does the Fed's outlook reflect the current economic conditions according to the speaker?
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What are the pros and cons mentioned regarding the market's current situation?
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What evidence is there of pent-up demand as economies begin to unlock?
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What catalysts are expected to influence the market in July according to the text?
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