What a rollercoaster ride for April! From the first week when we had two days in a row with the S&P500 down about 5% to a day when it was up almost 10%. I think it was another lesson that shows us how fast those down times can turn around. Then after all that volatility, the S&P500 was down less than 1% for the month. The US Aggregate Bond Index was also fairly sideways. As much as the news took over the stock market cycle, all in I would probably say it ended up a big nothing burger.
Here are some things to continue to watch for in May, if you like to follow along:
- Corporate Earnings reports will continue. They look quite good so far.
- Tariff Policy stays in focus. Good news regarding China MIGHT give us a big stock market boost.
- The S&P500 is on an incredible winning streak. Let’s see if that can continue.
- Inflation reports, both CPI and PPI are due mid-month. We’ll see how the Fed digests the data as interest rate cuts will be in focus again. But their “wait and see” approach will likely keep them from making any early moves.
Housekeeping Note: We retired our eMoney subscription and are moving to RightCapital. If you are not sure what this is, then you are totally unaffected.
I’m looking forward to some Spring green finally! Bring on those 70-degree days. Let’s hope this month is A “May” Zing.
Thank you!!! We’re happy you’re here.
Larry Mroczkowski
President
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The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. All investing involves risks, including the loss of principal.