March closed on a note of optimism for equity market investors but April’s stockmarket performance was full of pain, especially for those exposed to the technology, transportation and emerging market (notably China) sectors. Since 1996, April has statistically been the best month for developed market investment returns, followed by July. There is no real rhyme or reason for this other than the flimsy idea that Spring and Summer bring with them a more adventurous psychological impetus for people to invest for their future.
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