Markets continued their upward trajectory in April, with the S&P 500 passing 4,200 for the first time. Macroeconomic data supports investor optimism in the US, whilst the Eurozone delivered mixed results over April.

Much has changed in the space of a year. Many global equity markets are at all time highs, and inflation concerns are behind the continued sell off in government bonds. As we transition to a post-Covid world, short term volatility is to be expected.