Sometimes it’s tough being a shareholder in companies that are changing the world. Uber and Tesla have had a rough go of it recently. Picking winners is hard. Fortunately, you don’t have to.
Choppy markets continued in April. After all the large swings, the S&P 500 ended with a modest gain of 0.4% for the month, leaving the index down 0.4% for the year. Developed international markets beat domestic stocks with the MSCI EAFE index gaining 2.4% in April. Emerging market equities, feeling currency pressure and geopolitical tensions, pulled back in April but show small gains for the year.
In January, enthusiasm for economic growth and pending US tax cuts lifted the S&P 500 5.7%. February brought talk of trade wars, higher interest rates, and the return of volatility as major stock indexes declined 10% from highs before ending the month with a 3.7% loss on the S&P 500.