#MarketRebound The current market rebound is showing some signs of weakness. Let's break it down ¹ ² ³:

- *S&P 500*: The index is down 3.45% with a current price of 5,117.60. The open price was 5,272.00, and the high was 5,276.60.

- *Nasdaq*: The Nasdaq index is down 3.71% with a current price of 17,640.80. The open price was 18,241.20, and the high was 18,264.20.

*Reasons for the Rebound:*

- *Potential Trade Deals*: Stocks are rebounding due to potential progress on trade deals with countries like Japan, India, and China.

- *Low Trading Volumes*: However, equity trading volumes are quite low, suggesting that market conviction might not be high.

*Concerns:*

- *Stagflation*: The April PMI data could reignite market stagflation concerns, potentially keeping the Fed on the sidelines for longer.

- *Economic Slowdown*: The Flash PMI figures suggest a slower pace of economic growth, which could impact market expectations.

*Key Economic Data:*

- *April Flash Manufacturing PMI*: Expected to fall to 49.4 from 50.2 in March.

- *Flash Service PMI*: Expected to retreat to 52.8 in April from 54.4.

- *Composite Flash PMI*: Expected to be around 52, indicating a slower pace of economic growth.