March 2025 Market Snapshot

Rosemeyer Management Group

March in Review

In March, the U.S. stock market experienced volatility and declines, largely driven by concerns over tariffs announced by President Donald Trump, set to take effect on April 2, 2025. Investors feared that these tariffs could lead to a global trade war, increase inflation, and slow economic growth. The announcement of tariffs has heightened market volatility and increased investor anxiety. The Cboe Volatility Index (VIX), often referred to as the “fear gauge,” rose by 3% to around 22, marking a 28% jump in the first quarter. For the month the S&P 500 fell 5.63%. However, bonds provided investors with some respite, holding essentially flat for the month.

Index	1 Month	YTD
Dow Jones Industrial Average	-4.07%	-0.90%
Standard & Poor’s 500 Average	-5.63%	-4.27%
Russell 2000 (Small Cap Index)	-6.81%	-9.48%
Total U.S. Stock Market	-5.89%	-4.82%
MSCI ACWI ex USA (Intl. Index)	-0.23%	5.23%
Barclay’s U.S. Agg. Bond Index	0.04%	2.76%

Source: Morningstar

Looking Forward: What’s Ahead for Q3 & Beyond

In April, markets will be watching several things. First, the U.S. government is set to introduce reciprocal tariffs, escalating trade tensions and potentially impacting various sectors, particularly automakers and technology companies. Second, Investors are awaiting Tesla’s first-quarter earnings and updates on their Full Self-Driving service rollout amid declining sales. In addition, major corporations like Delta, JP Morgan Chase and Wells Fargo are due to report earnings in the coming weeks. Third, key reports such as the Consumer Price Index (CPI) on April 10th and retail sales data on April 16th will offer insights into inflation trends and consumer spending.

Finally, investors will analyze the Federal Open Market Committee (FOMC) meeting minutes released on April 9th for indications of future monetary policy, especially in light of recent market volatility and economic data. All will play a role in market movements in the coming month.

On a Personal Note

April brings us to everyone’s favorite topic, taxes. Have you made an IRA contribution or Roth IRA contribution for 2024? The deadline for doing so this year is April 15 ^ (th) If your taxes are finished, have you provided us with a copy of the return? Whether you are experiencing the thrills of receiving a large refund or the agony of making a large payment, having a copy of your tax return enables us to ensure you are invested in a tax efficient manner. It also allows us to plan ahead for future years. If you have not yet forwarded us your return – we encourage you to do so.

Rosemeyer Management Group

Licensed in CO, FL, IA, IL, MA, MN, MO, NV, NY, WA, WI, WV & TX J.P. Morgan Asset Management, July 1, 2025 · NASDAQ.com, July 1, 2025

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