Weekly Note: The Fab Four, Popular gilts, Augmentum, annoying noise and the Second China shock

Just a reminder that this is the second weekly note for the Easter break. Mostly normal service starts again this coming Monday.

Investing Shorts

1.      The Stock Market’s Magnificent Seven Is Now the Fab Four. According to the Wall Street Journal, the S&P 500 climbed 10% in the first quarter, its best start to a year since 2019, even though two of its biggest constituents suffered double-digit declines. Apple AAPL dropped almost 30%. Alphabet shares sputtered for much of the per…