Q1 2025 | Quarterly Market Review
In this edition of our Quarterly Market Review we provide data and analysis across markets and investments.

This report features world capital market performance and a timeline of events for the past quarter. It begins with a global overview, and then features the returns of stock and bond asset classes in the US and international markets.
The report also illustrates the impact of globally diversified portfolios and features a quarterly topic: Tariff Target Markers
“Non-US stocks have delivered a positive return thus far in 2025, helping offset the US stock market’s disappointing start to the year. But some of the sources for these positive returns may be surprising to investors.”