The president’s erratic policies are raising concerns the economy might be headed for a downturn, but history suggests that franchise values will continue to climb regardless.

Asian equities cheered the US-UK trade deal, as Japan, Taiwan, the Philippines, and Pakistan outperformed, while India and China underperformed.

Historical Bull and Bear Setups The S&P 500 has had a strong rally from its April 7 intraday low of 4,835.

The British Airways owner saw revenues leap 9.6% between January and March, to €7 billion. Operating profit surged to €198 million from €68 million over the period.

Asian equities were mixed overnight, as Northeast Asia outperformed Southeast Asia. Pakistan plunged 6.7% as their skirmish with India continues, though India was off only 0.58%. I had no idea how well Pakistan’s stock market has done since it bottomed in mid-2023, which puts the pullback in perspective.

Let’s take a pop quiz. Think about the funds you hold in your portfolio. What was your top performing NAV for the month of April?