March 26, 2025
The volatility observed in the first months of the year has spilled over into March, with the markets digesting the implications of the new tariffs imposed by the United States.
As a result, the main stock market indexes closed the month in negative territory: the S&P 500 fell -5.63%, the Dow Jones -4.06% and the Nasdaq Composite -8.14%. In contrast, fixed-income securities showed a more stable performance, with the US
more stable performance, with the US Agg index registering +0.04% and the Bloomberg Treasuries index +0.23%....

