[PLUS] April Weight of the Evidence: Risk-on Appetite and Action has Evidence Favoring Opportunity

Key Takeaway: Even with optimism rebounding following the mid-March reset in investor sentiment, the weight of the evidence is tilted toward seeking opportunity versus avoiding risk. Sentiment is moving back into the market risk camp, but the overall environment remains consistent with continued  cyclical strength: financial liquidity is ample, economic and earnings data is coming in better than expected and broad market trends remain bullish. Valuations remain a distinct longer-term risk. Momentum is still fairly muddled as the market has digested the record-setting gains of the past year. 

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