April 2025

If you’re feeling a bit overwhelmed by the tsunami of news so far in 2025 – rest assured, you are not alone. The financial markets have been struggling to stay abreast of waves of market-moving headlines that have been breaking virtually nonstop in recent weeks. In response to this rapidly changing and uncertain environment, US equities have traded somewhat erratically in the opening weeks of the new year. While the S&P 500 price-only rose a respectable 2.7% in January, the index fell 1.4% in February and another 4.6% in March. As often happens, the current drawdown in major indexes pales in comparison to the declines in many popular and widely owned individual stocks.

Much media coverage has justifiably been focused on the fast-changing political landscape…

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