For Apr 2020, Shalom Fund return a year-to-date performance of 14.53% while STI index year-to-date return is -18.57%. Shalom fund outperform STI Index by 33.10% year-to-date.
- Coronavirus cases have reached an all-time high of 3.15M cases worldwide with over 218K death till date
- Stock market stage a strong rebound this month on rising hope of a coronavirus vaccine and gradual reopening of the economy
- However, the lack of clarity on the reopening of the economy coupled with worrisome economic indicators is likely to put a brake on further growth in the stock market
- US economy shrank 4.8% in the first quarter with more than 30 million Americans filing for unemployment claims over the last 6 weeks
- Based on these key facts, it is highly likely that the stock market has gotten ahead of itself based on hopes
