March was a month of contrasts for the stock lists:

• Markets shook off March’s scare and surged to fresh highs in April, powered by AI, tech, and strong US earnings.
• Your three model strategies all had a standout month: SG Dividend +9.7%, Tactical ETFs +20.8%, US Growth +27.5%.
• Year to date, US Growth is leading at 27.6%, with SG Dividend and Tactical ETFs not far behind at 24.5% and 20.4% respectively.

Macro snapshot: from oil shock to new highs After a bruising March driven by Middle East tensions and higher-rate worries, April flipped the script. Global equities, led by the US, pushed back to – and through – previous highs as fears of an extended sell-off faded. In the US, inflation ticked up: headline CPI rose 3.3% year on year in March, up from 2.4% in February, largely thanks to higher energy prices. That keeps the Federal Reserve in “wait and see” mode rather than rushing to cut, but markets are increasingly comfortable with the idea of...