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Introduction and Market Context
As of March 10, 2025, the equity markets are experiencing heightened volatility, primarily due to President Donald Trump’s recent actions include imposing tariffs on imports from Canada, Mexico, and China. This has led to fears of a global trade war, impacting the S&P 500, which is down 7% month-over-month (MoM) and 4% year-to-date (YTD).
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