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Client Memo: There Are No Experts financial insights investment outlook investment strategies portfolio protection recession s&p 500 tariffs trade trump u.s. economy Apr 14, 2025

At the start of 2020, markets were at all-time highs and, to borrow a phrase from the LEGO Movie’s annoying song, “everything was awesome.” At the time, there were only faint news reports of an outbreak in China causing a stir. And then, as these things tend to go, it was everywhere -all at once.

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