A GREAT TIME TO BUY!!!
Signia Invest Insights | April 2025
Market Review and Outlook
April 2025 will go down in the history books as a seismic month in financial markets, where the centerpiece of President Trump’s first 100 days plan – ‘Liberation Day’ on 2 April – saw the announcement of US reciprocal tariffs against most of the world, resulting in a severe global market sell-off. The initial moves were truly historic in their speed, and straight after the announcement, the S&P 500 posted its 5th worst two-day decline since WWII. That turmoil also spread to the bond market, where the 30-year US Treasury yield briefly surpassed 5% intraday. Meanwhile, the VIX index closed above 50, something we’ve only seen this century at the height of the Global Financial Crisis and during the initial Covid-19 turmoil. Despite all of this, calm quickly returned to markets after Trump declared on social media that it was “A GREAT TIME TO BUY!!!”, shortly before a 90-day extension to the reciprocal tariffs was officially announced by the White House, and US officials began to renegotiate bi-lateral deals with other countries.
Miraculously, this meant that on the whole returns across many markets were relatively unchanged in April, in what will be overlooked by many in the future as an uneventful month from a performance perspective. But in reality it was historic, and it included the best day for the S&P 500 since October 2008, as well as its worst day since March 2020. Additionally, we saw the biggest weekly widening in the spread between the 10-year US Treasury yield and German Bund yield spread in data back to German reunification in 1990, the US dollar DXY index had its worst two-month performance since June 2002, and gold prices have seen their strongest start to a year since 2006. Quite remarkable.
View this month’s full insights:
Explore the comprehensive analysis of this month’s market review, including detailed performance figures. Click here to delve into the full insights
Important Information
The information set out in this document has been provided for information purposes only and should not be construed as any type of solicitation, offer, or recommendation to acquire or dispose of any investment, engage in any transaction or make use of the services of Signia Invest. Information about prior performance, while a useful tool in evaluating Signia Invest’s investment activities is not indicative of future results and there can be no assurance that Signia Invest will generate results comparable to those previously achieved.
Any targeted returns set out in this document are provided as an indicator as to how your investments will be managed by Signia Invest and are not intended to be viewed as a representation of likely performance returns. There can be no assurance that targeted returns will be realised. An estimate of the potential return from an investment is not a guarantee as to the quality of the investment or a representation as to the adequacy of the methodology for estimating returns.
The information and opinions enclosed are subject to change without notice and should not be construed as research. No responsibility is accepted to any person for the consequences of any person placing reliance on the content of this document for any purpose.
No action has been taken to permit the distribution of this document in any jurisdiction where any such action is required. Such distribution may be restricted in certain jurisdictions and, accordingly, this document does not constitute, and may not be used for the purposes of, an offer or solicitation to any person in any jurisdiction were such offer or solicitation is unlawful.
Signia Invest is a trading name of Arbion Limited. The Signia Invest brand identity and its constituent elements are the property of Arbion Limited. All rights are reserved. Arbion Limited is authorised and regulated by the Financial Conduct Authority (FCA). Our registration details are set out in the FCA Register: Firm Reference No 513138 www.fca.gov.uk/register. Arbion Limited is a private limited company incorporated in England and Wales under company number 07044573 with its registered office located at One Connaught Place, London, W2 2ET.
