MTC Market Insights
April 1, 2025
Challenging Convention
Key Takeaways
The first quarter of 2025 was marked by the flood of new, disruptive policy moves by President Trump and his administration, which weighed on investor sentiment and market performance (1).
Economic data was mixed with some indicators showing resilience, while others notably weakened amid persistent inflation trends leading to the Federal Reserve maintaining its patient posturing (1, 2, 3, 4).
Unexpected to many, international equities have outperformed U.S. markets, driven by factors such as policy uncertainty and high relative valuations in the U.S., coupled with more accommodative central bank actions overseas (1).
Sources: 1 Factset2 Federal Reserve3 Bureau of Economic Analysis4 Bureau of Labor of Statistics
