However, our longer-term outlook is constructive,” says Raymond James Chief Investment Officer Larry Adam. Link to Website: https://www.reynoldswealthmanagement.com/lets-connectLink to Facebook: https://www.facebook.com/people/Hankins-Boggs-Group-Reynolds-Wealth-Management/61567773148553/This article was originally published by Raymond James at: https://www.raymondjames.com/commentary-and-insights/markets-investing/2025/04/21/tariffs-and-policy-uncertainty-weighs-on-economic-and-investing-outlooksSecurities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. The NASDAQ Composite Index is an unmanaged index of all common stocks listed on the NASDAQ National Stock Market. The MSCI EAFE (Europe, Australasia and Far East) index is an unmanaged index that is generally considered representative of the international stock market. The ISM Services Index is an economic index based on surveys of more than 400 non-manufacturing (or services) firms’ purchasing and supply executives.