The Crescent Grove Advisors Quarterly Market Perspectives offers an overview of market conditions during the period, looking at key sectors of the market such equities and fixed income. Despite ongoing volatility in early 2025, diversified portfolios performed well across regions and asset classes, offering investors a more balanced path forward during a period of uncertain policy. US growth stocks declined sharply, while US value stocks and international markets outperformed. This shift marks a clear reversal from the dominant trends of the past two years. Trump’s aggressive tariff agenda could introduce divergent shocks to the Fed’s dual mandate—price stability and full employment. Given tariff-related inflationary effects and a still-strong labor market, the Fed is likely to lower interest rates only when there’s clear evidence of an economic slowdown.
Watch Co-CIO Andrew Krei explain the impact of tariffs on the economy and global markets and check out the Quarterly Market Perspectives slides below for more details. If you have any questions, or would like to connect with Crescent Grove Advisors, contact us here.
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