{"id":1942,"date":"2020-04-23T10:13:15","date_gmt":"2020-04-23T10:13:15","guid":{"rendered":"http:\/\/www.wealthatwork.co.uk\/jpm\/?p=1942"},"modified":"2020-11-18T10:49:25","modified_gmt":"2020-11-18T10:49:25","slug":"market-update-23rd-april-2020","status":"publish","type":"post","link":"https:\/\/www2.wealthatwork.co.uk\/jpm\/2020\/04\/23\/market-update-23rd-april-2020\/","title":{"rendered":"Market Update \u2013 23rd April 2020"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid\">\n<div class=\"wpb_column vc_column_container vc_col-sm-12\">\n<div class=\"vc_column-inner \">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_raw_code wpb_content_element wpb_raw_html\">\n<div class=\"wpb_wrapper\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/muOVfbT2C8Q?rel=0&amp;wmode=transparent\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"vc_row wpb_row vc_row-fluid\">\n<div class=\"wpb_column vc_column_container vc_col-sm-12\">\n<div class=\"vc_column-inner \">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p>Global equity markets yesterday (Wednesday 22 April 2020) clawed back a large proportion of Tuesday\u2019s oil-induced losses.<\/p>\n<p>In the UK, the FTSE-100 yesterday rose 129.6 points, having fallen 171.8 on Tuesday, while in the US, the Dow Jones recovered 456.94 points of its previous day\u2019s 631.56 point decline.<\/p>\n<p>Equity market sentiment was helped as oil trading started to return to a semblance of normality, while Donald Trump\u2019s Economic Adviser, Larry Kudlow, appeared optimistic about reopening the economy, saying that the US was \u201ccoming down the homestretch\u201d as the outbreak was slowing.<\/p>\n<p>Additionally, Georgia and Florida plan to reopen their economies in the coming days, while the New York Governor, Andrew Cuomo, outlined how New York will loosen restrictions.<\/p>\n<p>For all the noise and negative news headlines, the FTSE-100 is currently down just 0.3% this week (as we write it is flat on the day at 5,770) \u2013 and serves as a great example of why we prefer to take a longer-term view, rather than trading the market, as a bell doesn\u2019t simply ring at the top of the market indicating it is the best time to sell, or at the bottom, indicating it is the best time to buy the market.\u00a0 In fact, as we explained in detail on 19 March 2020 (<a href=\"https:\/\/www2.wealthatwork.co.uk\/mywealth\/2020\/03\/19\/market-update-19th-march-2020\/\"><strong>please see here<\/strong><\/a>),<strong>\u00a0<\/strong>there is clear evidence that time in the market is much more important as it results in better performance, than trying to time the market.<\/p>\n<p>Looking ahead to today, our attention will be on Gerjan Vlieghe, a Bank of England policymaker, as he will be speaking (via a webcast) about monetary policy and the BoE\u2019s balance sheet; and the weekly US jobless claims data, after 22m jobs were lost in the prior four weeks.<\/p>\n<p><strong>Investment Management Team<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n  <\/div> ","protected":false},"excerpt":{"rendered":"<p>Global equity markets yesterday (Wednesday 22 April 2020) clawed back a large proportion of Tuesday\u2019s oil-induced losses. In the UK, the FTSE-100 yesterday rose 129.6 points, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/1942"}],"collection":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/comments?post=1942"}],"version-history":[{"count":2,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/1942\/revisions"}],"predecessor-version":[{"id":2197,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/1942\/revisions\/2197"}],"wp:attachment":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/media?parent=1942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/categories?post=1942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/tags?post=1942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}