1Q25 Review & Outlook
04.09.25 | A volatile quarter ends with opportunity emerging
Q1 2025 saw a dramatic reversal in market momentum—early gains gave way to steep losses as the U.S. imposed aggressive new tariffs. The resulting market correction was the sharpest since the early pandemic, as volatility surged and sentiment crumbled. In this quarter’s Market Views, CEO Will Muggia explores how Westfield is navigating a rapidly shifting environment and where we see compelling opportunities ahead.
Key Takeaways
- U.S. equity markets saw their worst two-day decline since 2020
- Tariff regime sparks broad selloff, hits growth sectors hardest
- MAG 7 leadership falters amid rising AI skepticism and valuation reset
- Defensive growth, free cash flow, and tariff insulation are key focuses
Despite the uncertainty, periods of extreme dislocation often pave the way for long-term gains. Our team remains focused on identifying resilient companies with strong fundamentals and strategic tailwinds.
