#MarketRebound The market rebound is looking promising, with both the S&P 500 and Nasdaq showing positive signs. Let's break down the current state:

- *S&P 500 (SPX500/USD)*: The current price is 5,928.80, with a -0.20% change. Despite the slight dip, the index has bounced back from recent declines, even surpassing previous highs.

- *Nasdaq (NAS100/USD)*: The current price is 21,478.80, with a -0.18% change. Technology sectors have made a significant comeback.

*Key Drivers:*

- *Trade Relations*: Ongoing trade tensions between the US and China are being closely watched. Recent developments, such as Trump's accusations against China for violating trade agreements, may impact market sentiment.

- *Economic Data*: The latest PCE report showed a 0.1% increase in headline month-over-month prices, aligning with estimates. Consumer confidence has also improved, likely due to the stock market recovery and calmer trade environment.

- *Federal Reserve*: Expectations around potential rate cuts have increased, driven by the cooler-than-expected PCE report. The total expected 25-basis-point cuts for 2025 are up to 2.17 from 1.92.

*Market Outlook:*

According to Charles Schwab, the market outlook for next week is "Neutral to Slightly Bearish," driven by continued consolidation of recent gains. Key events to watch include ¹:

- *Economic Reports*: Factory Orders (June 3), ADP Employment Change, and ISM Services (June 4)

- *Earnings Reports*: Several major companies will report earnings, including Ferguson Enterprises, Dollar General, and CrowdStrike Holdings

- *Employment Report*: The monthly employment report on June 6 may impact market sentiment

Keep an eye on these developments to gauge the market's direction.