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April Fools
May 7, 2025 - April market activity was no joke. In early April, following President Donald Trump’s tariff announcement the S&P 500 saw two subsequent single day drawdowns exceeding all of those since 2011. Since then, there have been attempts at market rebounds but it’s too soon to say whether the market will move out of these losses or continue its downward trend. Volatility has calmed moderately as talk from the White House indicated that specific tariffs, with regard to both nations as a whole as well as particular classes of goods, could be paused but this early selloff in the month resulted in equities returning -1.05% and +0.01% for the month as tracked by the S&P 500 and the NASDAQ indexes.