After two consecutive months of broadly negative returns, equity markets were mixed in April. Within domestic equities, small-cap names outperformed large caps, returning 0.86% over the month, while mid caps declined modestly. International developed equities posted the strongest performance, rising 2.3%, although emerging market equities slipped by 0.44%.
Talks of trade disputes and tariffs, higher interest rates, and elevated valuations have been keeping a lid on the market even as the overall economic and corporate earnings picture remains strong.
Plante Moran Financial Advisors (PMFA) publishes this update to convey general information about market conditions and not for the purpose of providing investment advice. You should consult a representative from PMFA for investment advice regarding your own situation. The information provided in this update is based on information believed to be reliable at the time it was issued. Any analysis non-factual in nature constitutes only current opinions, which are subject to change.