Key Takeaways
Markets sold off sharply in March and early April, as they digested major policy changes including a return to tariff rates unseen in over 100 years in the US
Diversification worked during the quarter, as high-quality bonds held up and international stocks outperformed their US counterparts
Uncertainty remains extremely elevated, which has ramifications both for the markets and, should it persist, for the real economy
The US equity market was hit hard in March and early April. How does Bernstein think about protecting portfolios in this environment and even to take advantage of this turbulence?
Author
- Investment Strategy Group
