| Get your free copy of our Q4 2025 Market Commentary to get our analysis of Q3 performance and what's ahead for investors in Q4. | | | Beneath Strong Q3 Earnings, a More Complex Picture | | | | | S&P 500 earnings rose more than 12% in Q2 and are projected to climb another 5% in Q3. These strong results come despite significant challenges, including ongoing tariff concerns, slowing job growth, a late-September government shutdown, and more. Below the surface, the picture is more complex and worrisome. GDP growth looked strong on paper, but global demand may be softening. The labor market cooled sharply, leading to the Fed’s first rate cut since 2024. Inflation is still stuck near 3%. These mixed signals trends suggest a “muddle-through” economy—slowing, but still far from recession. In Zacks Investment Management’s Q4 2025 Market Commentary1, we look at 2025’s continuing story of balance, with strong corporate profits on one hand, and clear signs of moderation on the other. Topics in this report include: | | | - Corporate Earnings Drown Out the Noise
- A “Muddle-Through” U.S. Economy Combines with Monetary Easing
- The Fed Begins Cutting Rates—What It Means for Investors
- Consumer Strength and Market Resilience Persist Amid Caution
If you have $500,000 or more to invest, request this guide today. | | | | | | | | Talk to a Zacks Wealth Advisor today. | | |
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