#MarketRebound The market rebound is showing promising signs with both the S&P 500 and Nasdaq performing well.

*Current Market State:*

- *S&P 500 (SPX500/USD)*: The current price is 5,929.20, with a -0.19% change.

- *Nasdaq (NAS100/USD)*: The current price is 21,484.80, with a -0.15% change.

*Market Outlook:*

The recent rebound in the stock market indicates investors are feeling more confident again, and the recent sell-off was likely a blip. Sectors like technology have bounced back strongly, but defensive sectors have done even better, suggesting a broadening of performance across the market, which could be taken as a bullish signal ¹.

*Key Drivers:*

- *Trade Relations*: Ongoing trade tensions between the US and China are being closely watched. Potential progress on trade deals with countries like Japan and India is supporting the market rebound.

- *Economic Data*: The economy is still growing but at a slower pace. Concerns over stagflation could keep the Fed on the sidelines for longer than expected ².

*Sector Performance:*

- *Technology*: Made a significant comeback, with large technology companies leading the rebound.

- *Defensive Sectors*: Utilities, consumer staples, and healthcare have performed even better than tech, providing essential services that people continue to need.

- *Financials and Industrials*: Have also outperformed tech, suggesting some earlier declines might have been due to investors pulling back from overcrowded trades ¹.