#MarketPullback A market pullback refers to a temporary decline in the price of a stock or the overall market after a period of upward momentum. Currently, the market is experiencing a pullback due to various factors, including¹ ²:

- *Earnings Reports*: Apple's and Amazon's earnings results have sparked concerns, with Amazon's stock dropping 5% after its report and Apple's stock slipping $5 due to modest beats and cautious guidance.

- *Trade Policy Uncertainty*: The market is worried about the impact of tariffs on global trade, particularly with the US and China. This uncertainty has led to increased volatility and caution among investors.

- *Supply Chain Disruptions*: Concerns about supply shortages and disruptions are also contributing to the market pullback. Shipping levels from China have dropped significantly, which could lead to shortages and impact various sectors.

*Market Performance*

The S&P 500 and Nasdaq indices are experiencing minor declines, with the S&P 500 down 0.07% and Nasdaq down 0.04%.³ ⁴

*Investor Sentiment*

Despite the market pullback, some investors see this as an opportunity to buy into the market. Australian investors, for example, have been diving into US equity ETFs, with Global X US 100 ETF recording its best month of net flows in April.⁵

*Expert Advice*

Given the current market conditions, experts advise investors to be cautious and prepared for potential further declines. Reducing exposure to stocks vulnerable to trade pressure and being ready to adapt to changing market conditions may be prudent strategies.