Audio commentary: Unraveling the uncertainties

In 2025, global equity markets may be able to add to the remarkable gains of the past two years. That will require economic and earnings pictures that don’t falter.

As a volatile Q1 comes to a close, we think technical analysis provides a useful perspective on the potential paths of equity markets in the months ahead.

The market pullback will take time to play out. Planning for an eventual shift to defense beats a “hope for the best” approach.