Monthly Download: January 2025

Positive market performance continued to begin 2025 but with a significant shift in leadership as markets adjusted to new US policy under President Trump and China’s new artificial intelligence application “DeepSeek.” Foreign markets outperformed the US and Technology was the only sector to post a loss in January. Interest rates leveled off after the Federal Reserve officially paused their rate cuts that started in September 2024. Investors are now focused on US tariff policy as Trump announced and then delayed 25% tariffs on goods from Canada and Mexico.