April 2026 Market Update

March was an unsettling month. The U.S.-Israel strikes on Iran dominated every headline, oil surged past $120 per barrel, and the VIX never closed below 20. The S&P 500 fell 5.0%, the Nasdaq 4.7%, and the Dow 5.2%, with losses grinding out over the month.

But the earnings story didn't break. Corporate profit forecasts, revenue expectations, and growth projections held steady. What March delivered was pure multiple compression, with investors paying less for the same earnings. Meanwhile, inflation pressures are building beneath the surface as tariffs, oil, and food costs stack up, and the Q4 GDP revision from 1.4% to 0.7% raises fresh questions about underlying momentum.

Our April 2026 Market & Economic Review breaks down the inflation gauntlet, the labor market's quiet shift, the rate reset, and the three key takeaways from our Centralized Investment Committee.

Read the full report below.

The commentary, data, and visuals provided are not intended to be investment advice. Please seek the advice of an independent financial advisor for your personal financial decisions.