Global Matters Monthly Viewpoint – May 2025
In April US equities returned -0.7%, global developed equites 0.9%, emerging markets 1.3%, US Treasuries 0.6%, global government bonds 3.3% and gold 5.3% - seemingly nothing out of the ordinary, but market moves over the month mask traumatic day-to-day volatility amidst chaotic US policy making and deepening uncertainty, as the