Market Review April

In finance, (+) by (+) gives (-)

Economic statistics are improving, pointing to a slight slowdown, contrary to earlier expectations. This good news led to inflation stabilising at higher levels than expected, so the FED changed its tune by postponing rate cuts... which sent equities lower! Weird, when good news has negative consequences! Equity markets posted negative results for the month. Swiss equities lagged far behind the other major indices.

This news had a direct impact on the performance of bond indices, which plunged over the month. Swiss property followed the same trend, but remained positive over the year.

Gold continued the upward trend that began in March, beating its all-time high.

The risk indicator moved into the medium-risk zone. The equity sub-index saw its risk increase significantly.

MAIN performances

XO Risk Aversion Index - Composite 250D

XO Risk Aversion Index - Components