If March has lions and lambs, then April 2025 had its own bulls and bears. A falling market picked up momentum on April 2nd, and hit new recent lows the following week, only to now have rallied about 14% from the bottom, with the Nasdaq actually positive for the month. Investors were again rewarded (or not punished) for maintaining a long-term view and for being diversified. In the coming months, Wall Street will obviously be paying close attention to tariff news. With oil prices in the mid to high $50’s per barrel, the ten-year bond at 4.1%, and the looming possibility of permanent tax cuts, what would happen if a trade deal is announced with someone like India? Stay tuned…