US stocks rebound after a week in the red

Michael Hartnettstrategist

We say this is a correction, not a bear market in U.S. stocks,

Hartnett wrote

The markets are grappling with the notion of where fair value rests for a stock market that faces headwinds from tariffs, fiscal spending cuts and potentially softening economic data,

said Yung-Yu Ma, chief investment officer at BMO Wealth Management, in an email

Russia’s rejection of the US-proposed 30-day ceasefire in Ukraine has reignited geopolitical instability,

said Viktoria Kuszak, a research analyst at Sucden Financial, a trading firm

We think RELX offers reliable growth in an environment where relative safe havens may be needed,

analyst Nick Dempsey wrote in a Friday note

Our interactions with clients indicate that the mood music is changing. While many see recession talk as premature, concerns about erratic policy from the new administration abound, with the 'uncertainty tax' hitting growth expectations,

Barclays strategist Emmanuel Cau said in a note to clients

This market is just blatantly sick and tired of the back and forth on trade policy,

said Art Hogan, chief market strategist at B. Riley Wealth Management

I think a lot of the stock market going down was because of the really bad four years that we had, when you look at inflation and all of the other problems, I mean wars and inflation and so many other problems,

Trump said Wednesday at the White House

Obviously the stock market can have a significant negative wealth effect if it continues to take a dive,

Yardeni said

The stock market is very — all of it, you know, all of it together, it’s very important,

Trump said

We see a material risk that the US falls into recession this year owing to extreme US policies,

JPMorgan economists wrote in a note to clients last Friday

The stock market is losing its confidence in the Trump 2.0 policies,

said Ed Yardeni, president of Yardeni Research

I think this country is going to boom. But as I said, I can do it the easy way or the hard way,

Trump told reporters on Tuesday

That's pretty good news in terms of inflation but the problem is, you have a trade war that's expanding,

said Peter Cardillo of Spartan Capital Securities

The only problem is we don't know exactly how long it will go,

Stovall said

In only a few weeks, the broader market has gone from record highs to correction territory,

said Adam Turnquist, chief technical strategist for LPL Financial

There's still a lot of uncertainty concerning the economy,

said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana

And you’re seeing it most acutely in some of the more sensitive areas of the market like the fairly inflated Magnificent 7,

Dickson added

I think what markets are telling us is that they are very concerned about the potential for a recession,

said Kristina Hooper, chief global market strategist at Invesco

With policy uncertainty extraordinarily elevated, the U.S. economy has already begun to be negatively impacted,

Seema Shah, chief global strategist at Principal Asset Management, said in a note to clients Thursday

Speculative assets have been sliding not because investors have determined the true cost of tariffs, but instead because the marketplace has suffered one of its periodic bouts of risk on, risk off,

John Rekenthaler, a markets commentator and former vice president at the Morningstar investment firm, wrote in a recent column