Benzinga – Renowned economist Mohamed El-Erian shared a comprehensive table of financial returns for major assets and asset classes, highlighting the volatility of the market in April.
What Happened: El-Erian, in his post on X, acknowledged the challenging market conditions in April, despite the solid year-to-date returns. He noted the significant repricing of Fed cuts due to consistently disappointing inflation data.
“While April proved to be the toughest month so far in 2024 for some of them, the year-to-date returns remain solid overall — especially given the extent to which markets have repriced their expectations of Fed cuts in response to repeatedly disappointing inflation data,” El-Erian wrote.
He shared a table, covering the performance of major indices from 2020 to Apr. 30, which shows diverse results across different asset classes and regions. Notably, Bitcoin (CRYPTO: BTC) has been the top performer…
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