Slow Down or Recession
April was a rough month for investors. The tech-heavy NASDAQ posted a -13.3% for the month, its worst monthly performance since the Financial Crisis (October of 2008). The broader benchmark S&P 500 (-8.8%) fared only slightly better, but you would have to back to the throes of the pandemic (March of 2020) for a tougher month. There are two realities that we’d like to remember as we go through our analysis: 1) As the best investors always say, volatility is the “price of ad