Reflecting on the past month, Jeremy Richardson discusses how different markets are reacting to newspaper headlines. Market rotation has accelerated through the first quarter of 2025, led by differences in opinion and uncertainty from both sides of the Atlantic. Fundamental bottom-up investors require two things to be able to capitalize on changes such as policy announcements: a degree of foresight in being able to predict these policy announcements and an ability to capitalize upon them. Sustainable quality companies continue to be attractively valued compared to the broader market.