If you feel exhausted after last month’s market action, you’re not alone.
April delivered some of the most extreme volatility the S&P 500 has seen in decades:
- We kicked things off with a –12.1% drop in just four days — the 6th largest 4-day decline since 1950.
- Then came a +9.5% single-day gain, the 3rd biggest one-day rally in 75 years.
- Daily swings resembled what we saw during the GFC and the COVID bear market.
But here’s what’s even more remarkable:
On April 7, the S&P 500 was down –13.9% month-to-date. From that low, the index rallied 15.2% to end the month, marking the 2nd-largest monthly rebound after a 10%+ decline in over 50 years. And it finished the month on a 7-day win streak.
If you looked at your portfolio on March 31 and then again on April 30… you might think, “Huh, not much happened.” But under the surface? Chaos, resilience, and history in motion.
