Insights
In this webcast panel discussion, we’ll share our insights and observations on the markets and economy. Highlights from the conversation include:
– Economic Growth Volatility: The U.S. economy grew at 3% in the second quarter, but the average growth rate for the first half of the year is closer to 1.5%, reflecting ongoing volatility due to tariff-related inventory adjustments.
– Persistent Inflation Pressures: Inflation remains sticky at around 2.5-3%, with potential wage pressures due to constrained labor supply, and companies are still figuring out how to handle the impact of tariffs on costs and pricing.
– Tax Bill Uncertainty: The new tax bill may provide some corporate benefits in R&D and depreciation, but its impact on consumer spending and federal debt levels remains uncertain.
– Earnings Season Resilience: The latest earnings season has shown resilience, with both large and small-cap companies performing better than expected.
– AI Transformational Potential: AI is seen as a transformational technology with significant potential for productivity gains, but widespread adoption and its impact on various industries are still in the early stages.
Presented by
- Julie Biel, CFA, Chief Market Strategist
- Kim Friedricks, Managing Director, Fixed Income
- Andrew Grant, Director of Manager Research
The event was moderated by Spuds Powell, Managing Director
Watch the replay here.
This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information in this article is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date listed on the correspondence, and KAR does not undertake to update the information presented. This information is based on KAR’s opinions at the time of publication of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein. The information provided here should not be considered legal or tax advice and all investors should consult their legal and/or tax professional about the specifics of their own legal and tax situation to determine any proper course of action for them. KAR does not provide legal or tax advice and nothing herein should be construed as legal or tax advice, and information presented here may not be true or applicable for all legal and income tax situations. Tax laws can and frequently do change, and KAR does not undertake to update this should any changes occur.
Past performance is no guarantee of future results.
