"There Isn't Enough Confidence" To Sustain This Stock Market Rebound; JPM Traders Are Seeing Thin Volumes

The surges in market breadth that would give reassurance the rebound in stocks is sustainable continue to be absent from the price action.

Stocks are off their March 13th lows but still about 6% below their recent highs. The market is awaiting tariff headlines and what is actually enacted on President Trump’s self-styled Liberation Day on April 2nd.