April 2025 Market Recap

April ended up positive for stocks, despite the ongoing fear of tariffs and trade wars. As the month progressed, the U.S. administration made slow but steady concessions to the industries that were most affected. They announced a 90-day delay on most of the reciprocal tariffs, decreased the tariffs on some critical goods like semi-conductors and other technologies, and have reduced some of the auto tariffs, making particular reference to those autos and parts that are compliant with the Canada/U.S./Mexico trade deal. Also, they made constant references to getting trade deals done with other countries, including the possibility of a deal with China.

While all this was positive for the mood of the stock market, none of it eliminates the overhang of the tariffs that are coming into play. There is no doubt that tariffs will slow down the global economy. The hope seems to be that, through deals and concessions, the President may walk back most of the tariffs he has been threatening the world with. However, there is no guarantee of that, and it seems likely that more volatility lies ahead.

Mike

Disclaimer:

Information in this article is from sources believed to be reliable, however, we cannot represent that it is accurate or complete. It is provided as a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities. The views are those of the author, Michael Stott, and not necessarily those of Raymond James Ltd. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor’s circumstances and risk tolerance before making any investment decision. Raymond James Ltd. is a Member Canadian Investor Protection Fund.