Stocks in April staged an impressive rally as investors poured back in following a sell-off in March. The rally was broad and the largest mega caps, while showing significant gains, continued to diverge from each other. Along with positive earnings sentiment, investors are trying to grapple with the impact of continuing geopolitical developments.
Marc Davis, CFA, describes the events of the month and how Sawgrass believes the broadening trend is expected to continue, and stock selection will be of utmost importance going forward.
