April 30, 2025
Market Perspectives: Q1 2025

What factors influenced the markets in the first quarter of 2025 and how could these developments impact investors?
This synopsis of the first three months of this year explores how tariffs may affect the stock market, explains the “escalator up; elevator down” theory, and shares why diversifying your portfolio could help mitigate risks.

For our latest perspectives on markets and economic conditions, view our Market Outlook report for Q1 2025.