#MarketRebound

The current market rebound is showing signs of potential progress on trade deals with countries like Japan, India, and China, which is boosting stock markets. However, there's a red flag indicating low trading volumes compared to average trading volumes over the past three months, suggesting conviction might be low.

*Market Performance:*

- *S&P 500*: Down 3.45% with a current price of 5117.60 USD

- *Nasdaq*: Down 3.71% with a current price of 17640.80 USD

*Factors Influencing the Rebound:*

- Potential trade deal progress with China and other countries

- Low trading volumes indicating low conviction

- Upcoming economic data releases, such as the April Flash Manufacturing PMI, which may impact market expectations

*Economic Concerns:*

- Stagflation concerns may resurface if inflation pressures tick up

- Slower economic growth pace compared to the last 12 months

*Key Events to Watch:*

- Tesla's quarterly results and comments on rare earth stockpiles and competitive landscape.