Investment Perspectives
First Quarter 2025 Recap: Investment Commentary Summary
In this condensed summary of our quarterly investment commentary, we cover a review of the markets, which were tested in the first months of 2025 as tariff announcements and renewed trade tensions sparked a sharp pullback in U.S. stocks. Despite the headlines, not all areas of the market moved in unison—foreign stocks and high-quality bonds posted gains, reinforcing the value of a diversified approach. This summary also covers the evolving impact of global trade policy, implications for inflation and Federal Reserve policy, and why staying disciplined during times of uncertainty is key to long-term success.
