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market update
Q2 2025 Market Update
Summary, Last Quarter: After initially responding to President Trump’s reelection with a rally, the stock market reversed direction with the concern that tariffs may be more than a temporary negotiating tool. The Federal Reserve, which accomplished the elusive “soft landing” by getting inflation and unemployment in check, did not change interest rates at its most …
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insight
Tariffs Explained: Q&A with Leelyn Smith’s Chief Investment Officer
Tariffs have once again taken center stage in U.S. economic policy—and in investor conversations. In the early days of President Trump’s second term, sweeping new tariff proposals have rattled markets and rekindled uncertainty around global trade dynamics. For many investors, the return of these aggressive trade tactics has raised new questions: What are the administration’s …