Overnight, US stocks, which have fallen for days, ushered in a strong rebound.，S & P and Nasdaq extricate themselves from the trough of more than a monthThe Nasdaq is up more than 2%, 10 of the 11 S & P 500 sectors are up, and only the best-performing energy sector has fallen this year.

Why did US stocks, which have not performed well in recent days, suddenly rebound collectively?

Market point of viewUs stocks were fuelled by a series of unexpectedly strong economic data that undermined talk of an impending recession.

New housing starts in March soared to their highest level since 2006It shows that the real estate sector, which is highly sensitive to changes in interest rates, has performed strongly.

Other recent reports have also brought comfort to bulls. Initial jobless claims in the US have fallen in recent weeks, suggesting hiring remains strong, with a consumer confidence survey released by the University of Michigan in early April rising to a three-month high.

At the same time, high-frequency data show that consumers are once again out shopping and dining in droves.

The barometer of returning to work has risen to its highest level since March 2020TSA passenger throughput data and metrics that measure bookings through the restaurant booking app OpenTable have also improved.

Angelo Kourkafas, an investment strategist at Edward Jones, said that so far, the economic data have performed quite well, so despite rising recession fears and growing voices of slowing economic growth, there is still some potential momentum.

In addition, analysts say positive corporate earnings may also be one of the reasons for Tuesday's stock market rally.

Before trading on Tuesday, Johnson & Johnson reported better-than-expected profits and announced an increase in dividend. In addition, according to Rufter data,Of the 49 S & P 500 companies that have reported results, 79.6% of profits beat expectations.In general, the percentage that exceeded expectations was 66%.

Mark Haefele of UBS Global Wealth Management said corporate earnings in the first quarter would look positive, adding that investors should look for the long-term value of stocks. It also said periods of market volatility and increased uncertainty tended to bring attractive long-term entry points for structural growth, finding areas such as 5G, automation, robotics and smart travel attractive.

JPMorgan Chase & Co strategist Marko Kolanovic also said that runaway commodity prices, different global central bank policies and the recent stock market sell-off created unique buying opportunities for growth and value stocks. The strategist said market sentiment and positions were still too pessimistic.

Tom Lee, head of research at Fundstrat Global Advisors, the investment agency, gave a more "unique" reason, saying:

April 18 is the deadline for tax returns in the United States in 2021.After a strong stock market in 2021, some investors may face huge tax bills. In order to meet their tax obligations, many investors may have been selling shares to raise cash recently.

In addition, Fundstrat found that when stocks rose strongly in the previous year, they usually fell a week before the tax filing deadline, adding to the belief that investors waited until the last minute to sell shares to raise money for their huge tax bills.

Lee representsAs the tax deadline passes and the earnings season begins further, the stock market is likely to usher in a positive turning point.And will bring reliable risks / returns to investors. It is expectedCompanies in sectors such as health care, essential and non-essential consumer goods, industry and energy will record better-than-expected profit margins.

However, some analysts pointed out thatIt is not appropriate to read too much into the one-day trend, and concerns about economic growth still haunt investors and economists.Lauren Goodwin, an economist and portfolio strategist at New York Life Investment, said:

When the growth path, especially future growth and interest rate paths, is so uncertain, the day-to-day work of the Fed and investors becomes more data-dependent than usual. So if positive data drives up stock prices, we may move in the opposite direction when the data are disappointing.

Dear Niu, what do you think?

With a number of positive data, can US stocks regain their upward trend?

How do you think US stocks will go tonight?

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