OUR APRIL RESULTS
Our weighted average return in April was +0.50%. Since 2015, we have generated a net return of +33.71%.
In terms of investment strategy performance, our weighted average net returns for April were (a) -0.41% for conservative strategies, (b) +0.40% for balanced strategies, and (c) +1.31% for aggressive strategies.
April was yet another volatile month with corporate earnings and geopolitical drama sending markets back and forth. Corporate earnings came in stronger than expected and gave a strong indication that the US economy continues to perform well. In the commodity space, Trump’s decision to back out of the Iran nuclear deal helped push oil prices up 7%. As mentioned is last month’s commentary, there was also significant volatility in the metals sector as the US applied sanctions to a number of Russian industrial titans. By the end of the month, the S&P 500 was +0.4%, the US dollar gained +1.8% versus the Euro and the Barclays Global Aggregate Bond Index was -1.6%.