#MarketRebound

1. Improved US Jobs Data

The May jobs report showed the addition of 139,000 jobs, with the unemployment rate remaining stable at 4.2%, which eased economic concerns.

This led to a decline in the 10-year bond yield towards 4.38-4.47%, which is positive for stocks.

2. Slowdown in Trade Escalation

The escalation of trade tensions was not yet clear, with a July 1 deadline looming. However, a renewed halt to the escalation and a partial truce with China supported optimism.

The suspension of some tariffs in April caused a significant rebound, including the largest daily gains in 20 years since 2008.

3. Institutional Participation

Indicators show the entry of institutional investors, especially in the "Magnificent Seven" stocks (Apple, Microsoft, Nvidia, etc.) that led the recovery.

Morgan Stanley points to an improvement in the "breadth" of earnings revisions as a positive indicator towards S&P 500 levels at 6500 by the end of the year (~8% increase).

4. IPO Market Boost

The initial public offering (IPO) market has come back to life after a period of stagnation, with significant gains for Chime and other companies, reflecting a recovery in confidence.