UWM - U.S. Stocks Retake Their Leadership Perch In The April Risk Rally
By Philip Lawlor, managing director, Global Markets Research
Global equities posted the strongest monthly gains in years (if not decades) in April, recouping much of their pandemic-driven losses since late February. Markets rode hopes that sustained central-bank liquidity support and moves to end lockdowns in many countries could soon help kick-start economic activity - even as incoming data grew increasingly grimmer.
US stocks led the April relief rally: the Russell 1000 rose 13.2% for the month, and the US small cap Russell 2000 did even better, rising 13.7%. Both were well ahead of developed-market peers