#MarketRebound
The market rebound is showing signs of life, with stocks recovering from recent lows. Here's what's happening:
*Market Performance:*
- The S&P 500 index rebounded from its daily low of 5,773.31, closing 0.16% higher. It's expected to open 0.6% higher today, following a lower-than-expected Producer Price Index (PPI) release.
- The Nasdaq 100 declined 0.30% but rebounded from its daily low of 20,538.33. Key support remains around 20,600, marked by July's high.¹
*Key Factors:*
- *Investor Sentiment:* Slightly worsened, with 34.7% of individual investors bullish and 37.4% bearish, according to the AAII Investor Sentiment Survey.
- *Volatility:* The VIX index, a measure of market volatility, surged to 28.32 in December but has since pulled back below 20.
- *Economic Data:* The PPI data triggered a rebound, and the market is awaiting quarterly earnings season and economic data.
*What's Next:*
- The S&P 500 faces uncertainty ahead of Donald Trump's inauguration and upcoming economic data.
- The market rebound doesn't necessarily mean every stock has found its floor, so investors should be cautious.²
Keep in mind that market fluctuations can be unpredictable, and it's essential to stay informed to make the best investment decisions.