U.S. stocks turned in another monthly gain in April, thanks in large part to the surge early last week powered by the French elections, solid corporate earnings and the anticipation of significant tax cuts. At the same time, the outperforming Nasdaq extended its winning streak to a sixth consecutive month, while the Dow Jones Industrial Average followed close behind, with five of six positive months. Yet the mood in markets was not as ebullient as the numbers would have you believe. A growing number of commentators expressed concern about the extension of the “Trump Rally.” As such, these four events, most of which ... (full story)