April was the best month for the S&P 500 in 25 years, and there are high expectations that April will be even better after the first quarter is gone.
This year’s reporting season will be crucial. “The threshold was lowered because there was so much negativity, “said Ryan Detrick, chief market strategist at LPL Financial.
Investors look to continue the rally
On April 13, the first-quarter reporting season begins, and JPMorgan Chase & Co. will be one of the first significant banks to release its results.
Analysts predict a 5.7 percent earnings-per-share increase in the first three months of the year, owing to robust commodity price rises.
“This will be a challenging reporting time.” We have just recently recovered from the epidemic, and supply chains and manufacturing remain unpredictable. Let’s not forget about the worldwide unrest brought on by Russia. It’ll be fascinating to see how management teams deal with this, said Ron Saba, senior portfolio manager at Horizon Investments.
According to Bloomberg statistics, the S&P 500 has averaged a return of 2.5 percent in April since 1997, and additional data from LPL Financial shows that this month’s average is the greatest since 1950.