April Fools Abound as Market Catches Investors off Guard

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  • April Fools investors with sharp positive reversals in quarterly profits, crude oil prices and European bond yields.
  • Oil prices bounce off their lows, providing relief to the energy sector while continuing to be a positive catalyst to consumers.
  • California is coming to the realization that “water is the new oil” as farmers and consumers thirst for a solution to the multi-year drought.
  • Perennial laggards Europe and Emerging Markets surge in April demonstrating that patience in diversification matters.

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