Macro and Investment Ideas: An underwhelming April, worries bubble up stateside

My big message is to diversify from over-exposure to the US. Other geographies look equally interesting, even if the US economy has somehow avoided a recession (which I’m not convinced it has).

I'm back with a combined (Monday) Macro and (Wednesday) investment ideas today. Highlights include:

-          An underwhelming April for US equities, but earnings are still growing

-          May will probably be a decent month

-          Dispersion between stocks is growing as macro trends breaks down and micro becomes more important

- The charts suggest …