Newsletters
Previous Newsletters:
Q4 2023 Newsletter
Newsletter April 2025
As of year-to-date 2025, the financial markets have experienced notable shifts. The S&P 500 has faced a decline of approximately 10.6%, reflecting challenges in the broader equity market. The Nasdaq has seen an even more significant pullback, driven by pressures on technology and growth stocks. Meanwhile, domestic bond markets have also been under strain, with rising yields impacting bond prices. These movements underscore the complex interplay of economic factors such as new tariffs, inflation concerns, and currency fluctuations.
In recent weeks, market volatility has surged across both equities and bonds. The bond market, in particular, has witnessed sharp swings, with the 10-year Treasury yield climbing to 4.40%, marking one of the most significant three-day increases since 2001. Yesterday’s stock market surge was the largest point increase in history for the DOW Jones Industrial Average. Such turbulence has amplified concerns about potential disruptions in global financial systems. It appears that a trade war with China is underway.
For long-term, diversified investors, the best course of action remains steadfast adherence to a disciplined investment strategy. Diversification across asset classes and geographies can help mitigate risks associated with market fluctuations. International stocks and gold have helped to support many portfolios so far this year. Maintaining a focus on long-term goals, rather than reacting to short-term volatility, is crucial. Periodic portfolio reviews and rebalancing can ensure alignment with your financial objectives while navigating these uncertain times.
Per industry regulations, included with this letter is a Summary of Changes to our ADV Disclosure Brochure since last year. We will send you a complete ADV Brochure upon request.
Please call us if you have questions or concerns about your portfolio, risk tolerance or the markets in general. We appreciate your business and are here for you.
Sincerely,
Joe Tomkiewicz MS, CFP®
CA Insurance License # 0C61979
President
Sierra Financial Advisory
Michael Tomkiewicz MA, CFP®
CA Insurance License # 4063677
Registered Investment Advisor Representative
Sierra Financial Advisory
Sierra Financial Advisory