It’s time to review last month’s key events and look ahead to what’s coming in the market and economic landscape. Download the latest edition of the Month-in-Review, developed by the Prime Capital Financial Team!
Quick Takes
- Stocks Lower. U.S. equity indices were relatively unchanged in April as weak sentiment and trade policy changes continued to worry investors. The S&P 500 fell 1.1% and the Nasdaq 100 rose 0.7%. The Magnificent 7, which has driven the market over the last few years, fell about 1% in April.
- Inflation and Interest Rates. The 10Y treasury yield remained flat in April at 4.2% as President Trump and congressional Republicans look to cut spending and taxes. Core PCE inflation for March was in line with expectations at 2.6% while headline PCE inflation was 2.3%.
- Liberation Day. On April 2, President Trump announced a new set of tariffs on select trade partners in response to what the administration has claimed are unfair trade barriers on U.S. goods. The tariffs included an additional 34% on China, 20% on the E.U., 46% on Vietnam, 32% on Taiwan, 26% on India, 24% on Japan, and others. Trump paused the tariffs for 90 days, one week after announcing them.
- Ukraine Minerals Deal. The U.S. and Ukraine signed a deal for U.S. access to Ukrainian minerals on April 30. The deal dropped a key Trump demand that Ukraine allow the U.S. to recoup billions of dollars in military aid in exchange for mineral access.
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This article is not to be construed as financial advice. It is provided for informational purposes only and it should not be relied upon. It is recommended that you check with your financial advisor, tax professional and legal professionals when making any investment or any change to your retirement plan. Your investments, insurance and savings vehicles should match your risk tolerance and be suitable as well as what’s best for your personal financial situation.