IWP - Market Update - April 2026

Link to IWP's April 2026 Update (PDF) Monthly Market and Economic Chart Pack

Markets have experienced a volatile and challenging period over the past month, with both equity and bond markets declining as geopolitical developments—particularly escalating conflict involving Iran—drive renewed uncertainty, rising oil prices, and inflation concerns. In this month's discussion, Shane and Chris unpack the key issues influencing markets and portfolio positioning:

• Equity markets declined by approximately 7% in March, marking one of the weakest months since 2022, as ongoing conflict and uncertainty weighed heavily on investor sentiment

• Escalating tensions involving Iran and the United States have increased geopolitical risk, with unpredictable leadership dynamics contributing to heightened market volatility

• Oil prices have risen above $100 per barrel amid supply disruptions and concerns around key shipping routes, reinforcing global inflationary pressures

• Rising fuel and energy costs are impacting both households and businesses, with discretionary spending expected to weaken as essential expenses increase

• Inflation remains a key concern globally, particularly in Australia where price pressures were already elevated, increasing the likelihood of delayed or additional interest rate hikes

• Historically, markets react sharply in the early stages of conflict before entering a stabilisation phase, with current conditions suggesting we may be transitioning beyond the initial shock period

• Consumer sentiment has softened, with individuals and businesses delaying decision-making amid ongoing uncertainty

• While short-term volatility has been significant, broader market performance over the past 12 months remains relatively resilient, highlighting the importance of maintaining perspective

• Portfolio strategy remains unchanged, with a continued focus on diversification across sectors, asset classes, and geographies to manage risk in unpredictable environments

• Attempting to time markets or make short-term tactical shifts remains highly challenging, particularly given rapidly changing geopolitical developments and market reactions

Overall, the message remains consistent: remain disciplined, avoid reacting to short-term volatility, and stay focused on long-term investment fundamentals and the benefits of a well-diversified portfolio.

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DISCLAIMER: This podcast contains general advice which does not consider your particular circumstances. You should seek advice from Independent Wealth Partners who can consider if the general advice is right for you. Independent Wealth Partners Pty Ltd (ABN 66 647 667 249) – (AR 1286417) is a Corporate Authorised Representative of Independent Wealth Services (IWS) AFSL # 512433.