As market pullbacks and volatility dominate headlines, many clients are looking to their financial advisors for guidance. We have long maintained that periods of uncertainty, like those we’ve seen so far in 2025, are the “moments that matter” and “Advisor’s Alpha weather.”

Over 40% of investors reported being under financial stress, but having a planning mindset can help with that, according to our Money Attitudes Survey 2023. In particular, focusing on things under one’s control—by paying down debt, building emergency savings, creating a long-term investment plan, and, perhaps, seeking financial advice—can make a difference. Here are some key findings.

An update on our U.S. economic forecasts following the U.S. trade announcement and recent market volatility.

In August 2022, amid a difficult year for emerging markets (EM) and risk assets more broadly, Vanguard made the case for EM corporate debt, citing strong fundamentals and very attractive valuations. However, we now believe that the outperformance of EM corporates over sovereign credit has run its course.