Our Insights
The Power Of Perspective
Our Insights
Outlook
July 16, 2025
The S&P 500 Index finished the second quarter of 2025 +11%, capping a furious +25% rally off the April 8th low. As we discussed in our second quarter Outlook, we believed the tariff policy laid out on Liberation Day was a self-inflicted policy mistake by the US Administration. However, we also noted, “a mere modification in the administration’s policies could quickly lead to a turnaround for an otherwise healthy global economy”. Thankfully, these...