Bitcoin, Gold Shine In April While Stocks, Oil Suffer— Mohamed El-Erian Flags Diverging Market Trends
Economist Mohamed A. El-Erian on Wednesday highlighted gains for Bitcoin (CRYPTO: BTC) and gold in April, contrasting with the declines in the stock market
What Happened: El-Erian, the Chief Economic Advisor at Allianz, took to X detailing the year-to-date performance of major asset classes.
Since the start of the year, the Dow Jones Industrial Average and S&P 500 have dropped 4.41% and 5.31%, respectively, while gold has gained 24.48%.
April was a significant down month for stocks. President Donald Trump’s aggressive tariff measures threw markets into a spiral, forcing the Dow and S&P 500 to fall 3.15% and 1.14%, respectively, during the month.
Crude oil also endured pressures, with year-to-date losses at 18.84% at the end of April.
In contrast, Bitcoin and gold were among …
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