Transcript
Introduction
Matt
All right, Eric, we are back for a first quarter 2025 recap here. We are recording this on April 15th and rather than just ignore the past 15 days, we will bring that into the discussion because there have been a few things that have happened, but maybe to kick us off, we'll just kind of give a state of the land the first quarter and then up until today and let you wax poetic.
The first quarter 2025, when actually looking back at the numbers, was pretty weak to begin with. S&P was down just over four and a half percent. Nasdaq was down 10.5%. Our favorite Bitcoin was down almost 12%.
But fast forward to today, S&P is down just over 8%. Nasdaq is down 12 and a half percent. Bitcoin is down 8%. So as I expected, really the puke to come post April 1, it has been a gradual decline and slightly more, but not as meaningful as I initially expected to see in the numbers. So I'll just present that there to you and let you add some brief comments about the market environment today.