
April 2025 Market Commentary & Outlook
In April, market volatility spiked as US stocks sharply pulled back in the wake of the administration’s “Liberation Day” tariff announcement to begin the month.
The latest thoughts on investment strategy and the markets, plus tools and templates from Raffa’s portfolio management team to empower nonprofits and associations to make better informed investment decisions.

In April, market volatility spiked as US stocks sharply pulled back in the wake of the administration’s “Liberation Day” tariff announcement to begin the month.