#MarketRebound

The current market rebound is showing some signs of weakness. Let's break it down¹ ² ³:

- *S&P 500*: The index has seen a decline of 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*: This index has also taken a hit, with a decline of 3.71%. The current price is 17,640.80, with an open price of 18,241.20 and a high of 18,264.20.

*Factors Influencing the Rebound*

- *Trade Deals*: Potential progress on trade deals with countries like Japan and India is supporting the market. However, some experts are cautious about the sustainability of this rebound, given low trading volumes.

- *Economic Data*: The April Flash Manufacturing PMI is expected to fall to 49.4 from 50.2 in March, while the Flash Service figure is expected to retreat to 52.8 in April from 54.4. This could reignite concerns over stagflation.

- *Inflation Pressures*: If inflation pressures tick up, it could keep the Fed on the sidelines for longer than expected, impacting market expectations.

*Key Events to Watch*

- *Tesla's Quarterly Results*: Tesla's earnings report is expected to show EPS of $0.35 on revenue of $21.85 billion. Investors will be looking for insights into rare earth stockpiles and the impact of China's retaliatory tariffs on its business.

- *Market Sentiment*: With low trading volumes, market sentiment can shift quickly based on fresh developments or economic data. Keep an eye on market trends and adjust your strategy accordingly.