Q2 2025 Market Outlook: Navigating Tariff Uncertainty

The first quarter of 2025 saw renewed focus on US trade policy and its potential effects on corporate earnings, supply chains, and inflation. Tariff uncertainty introduces complexity for investors — affecting sector exposures, international equity allocations, and inflation assumptions embedded in fixed-income portfolios.

This outlook reviews the market backdrop entering Q2 2025, the potential implications of evolving tariff policy for diversified portfolios, and planning considerations for investors with specific exposures to affected sectors or geographies.

This material is for informational purposes only and does not constitute investment advice. All investing involves risk. Past performance is not indicative of future results.