The Investor Insight - April 2025

As of the writing of this market commentary, the equity markets are coming off their most volatile week since the Great Depression. The bond market, usually considered a safe haven, was also not spared, having one of the worst weeks on record. What is behind all this chaos? Countries worldwide are in a global trade war, retaliating against each other in tit-for tat tariff tantrums that is ratcheting up uncertainty, leading to unprecedented volatility that has brought U.S. markets from correction to bear market territory in the broad indices, all in a very short period of time.

What’s Inside?

Q1 2025 Commentary
The Long Game of Tariffs: History Meets Today’s Trade Turmoil