Market Update - April 2020

Good afternoon, Investors should be pleased to open their April statements - with the stock market having it’s best one-month showing since 1987! After plunging into bear market territory in record time in March, equities recouped over half of their losses in April - another record. In other words, in the space of just over two months the stock market has experienced what usually occurs over more than a year. Interestingly, the majority of April’s gains took place in just the first week (chart below). For the remainder of the month (and the beginning of May) stocks have been trading sideways. The early April move up in stocks occurred as it became apparent we would likely avert a worst cas

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