SMID Fact Sheet - June 2025
July 15, 2025
Equity markets rebounded strongly in the second quarter, recouping losses from Q1. Trump’s aggressive stance on tariffs and trade, which heightened fears of recession in the first quarter, culminated with the highly anticipated and shocking ‘Liberation Day’ reciprocal tariffs on April 2, which were far higher than anyone expected. Looking backwards, the sharply negative market reaction to this tariff announcement marked ‘peak uncertainty’ and the market’s low point. Stocks began a rebound, which gained steam through the quarter end after the administration announced a 90-day delay in tariff implementation to provide time for negotiation.
Important Disclosure
Contact Us
Oops! Something went wrong while submitting the form.
- or -
Book a Call With Us Today
Founded in 1984, Pinnacle Associates, Ltd. is a forward thinking, multi-billion dollar investment advisory firm focused on transparency and putting clients first. We provide advice to individuals and families, institutional investors and other financial institutions.
