The market is bouncing back, led by the Nasdaq and Russell Small Caps. As TA expert Art Hill says, when these two 'risk on' sectors lead, it's a good sign for the broader market.
The Nasdaq and Russell have been leading for some time, The Russell was the first to put in a new high, last week, and the Nasdaq is closing in on a new high. The DJIA and S+P are lagging, but last week both managed to get above their April highs.
The ratcheting down of expectations for this first N. Korea summit should be good for the market since it's no longer seen as 'make or break'.
The way Trump conducts his negotiations, people may start believing that the trade tariffs against Europe, Canada, and Mexico are just negotiating tools to be reversed later. That could lessen their negative effect on the stock market.
