Rally Now, Reality Later?
There you go! April was a very strong month for the stock market. After a significant dip in March, April brought a 10% gain in the S&P and new all-time highs above 7,200 points. So far in 2026, we’re up about 5%.
Things are looking really good for the year as a whole, too. A 27% gain over the last 12 months is more than impressive. And that’s despite of all the macro uncertenties like Iran, high Oilprice, rising US Debt and so on.
Because we’ve done so well, I’m staying cautious. The market is expensive, and I’m keeping my powder dry. There will be extended corrections again in the foreseeable future. “Be fearful when others are greedy” is Warren Buffett’s motto for contrarian investing, and I stick to it. How about you?
