1) MARKET BAROMETER
What began with excitement and optimism in December 2024, has quickly morphed into heightened
uncertainty. By the end of March 2025, markets officially entered correction territory — with several major indices down over 10% from recent peaks, and some edging dangerously close to bear market territory (defined as a 20% decline).
Financial markets are now recalibrating expectations in response to the growing disruption
caused by the global trade and tariff war. Governments and businesses are facing real challenges — not just in rhetoric but in execution.
Tariffs are starting to inflate costs, disrupt supply chains, and destabilize forecasts across sectors and geographies. While there are many moving parts, further corrections would not be surprising. And although political shifts are
clearly underway, they’re offering more uncertainty than opportunity at this point.
We’re still a long way from true market “dips.” Valuations — even after these corrections — remain elevated across several asset classes. Speculative market timing still feels premature.
Personally, I’m holding steady and waiting to see how things unfold in April before making any significant adjustments to my asset allocation.
