๐ผ๐ฅ๐ง๐๐ก ๐ฉ๐ช๐ง๐ฃ๐๐ ๐ค๐ช๐ฉ ๐ฉ๐ค ๐๐ ๐ ๐ฅ๐ง๐๐ฉ๐ฉ๐ฎ ๐๐ซ๐๐ฃ๐ฉ๐๐ช๐ก ๐ข๐ค๐ฃ๐ฉ๐. US tech just kept doing its thing, with strong Q1 numbers and AI hype giving Nasdaq another solid push. After the chaos in March, risk appetite definitely came back.
๐๐ช๐ง๐ค๐ฅ๐, ๐ข๐๐๐ฃ๐ฌ๐๐๐ก๐, ๐๐๐ ๐ ๐ง๐ค๐ช๐๐๐๐ง ๐ค๐ฃ๐. Industrial data stayed soft, Consumer confidence dropped all the way to โ20.6, and higher energy prices kept squeezing both households and businesses. Add a stronger dollar on top of that, and several European markets slid into the red by month end.
๐๐๐ ๐๐ง๐๐ฃ ๐จ๐๐ฉ๐ช๐๐ฉ๐๐ค๐ฃ ๐๐๐๐ฃโ๐ฉ ๐๐๐ก๐ฅ ๐๐๐ฉ๐๐๐ง. Tensions in the region kept oil prices elevated and reminded everyone how fragile global supply still is. Nothing blew up, but the geopolitical risk premium stayed high all month.
๐ฝ๐๐ฉ๐๐ค๐๐ฃ ๐๐๐ก๐ ๐ช๐ฅ ๐ฌ๐๐ก๐ก, ending April around +12% despite plenty of volatility. Crypto kept attracting flows as investors looked for alternatives in a pretty shaky macro backdrop.
๐๐ค ๐ค๐ซ๐๐ง๐๐ก๐ก: US strength, Europe struggling, and crypto doing its own thing. Heading into May, Iโm mainly watching inflation data, energy prices and whatever central banks decide to hint at next โ feels like those will drive the mood going forward.
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Not investment advice. The author may have financial interests in the mentioned instruments.
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