After the worst quarter in history, the S&P 500 had one of its best months on record in April. Though it remains well shy of pre-pandemic levels, this offers a flicker of hope and perhaps even a hint of market resilience. Caution is advised by a great many commentators who warn of a secondary dip in the market, with some stressing the view that market activity is tracking to that of the dot com crash1. Warren Buffet’s bolstered cash holdings at Berkshire Hathaway will go some way to reinforcing this belief. Read More.