Macro and Investment ideas: grim April, time in the market pays off, Irish banks and spreadbetters as a hedge

Another combined report after the May bank holiday. More sombre stuff about markets (expect worse to come) plus why Irish banks look cheap and keeping an eye on the eToro SPAC

Well, at least April is over. And boy was it another grim month. One of the broadest measures – S&P DJs Global BMI index – was down 8.11% in April while the US markets were down just over 9% (US markets were up 3% in March by contrast). For the three-month period, global markets were down 8.77% with the YTD return down 13.62%.  

Still not every market ha…