Tariffs function as a tax on trade, increasing costs for businesses and consumers, which can erode corporate profits, slow economic growth, and fuel inflation.

During periods of volatility, we prefer to “over-communicate” to keep you well-informed.

Despite the current market pullback, the economy remains strong with Q4 earnings showing a 17.8% y/y growth, the highest since Q4 2021.

Historically, February tends to be a weaker month, with an average return of just 0.15%.

The U.S. economy remains robust, providing a solid foundation for continued growth.