Pure’s Executive Vice President & Chief Investment Officer, Brian Perry, CFP®, CFA, AIF®, and Senior Investment Strategist & Financial Advisor, Brian Fahey, CFA, provide updates on tariffs, the economy, and financial markets, as well as insight into what might come next.
Outline
- 00:00 Intro
- 00:36 What are Tariffs and Why do We Care?
- 3:20 How important is trade to the US?
- 8:35 Tariff rates could move lower
- 15:47 What’s Next for the Economy?
- 16:00 Contributions to real GDP growth
- 18:15 Consumers keep spending
- 21:10 Putting recessions in perspective
- 22:26 Q&A
- Do you recommend sitting on the sidelines until there’s less uncertainty with all the volatility going on?
- With growth slowing for the first time since 2022, are we not in a recession? And should we be adjusting for the worst case?
- What’s the goal for these tariffs? And will it work?
- 26:16 What’s Going on with the Financial Markets?
- 28:49 Market declines are normal
- 36:20 Emotional investing
- 42:16 Treasuries beating stocks
- 45:44 Manage taxes: tax loss harvesting, Roth Conversions
- 48:50 Q&A
- Are fund managers adjusting their investments to shift to stocks that are less susceptible to the tariff risks?
- Long term outlook is fine but how should those in retirement adjust for their investments that they have in accounts now?
- Can you expand upon the fact that the US bonds are only limited to $10,000 per person?
- Roth conversions, is this a good time to do it?
- I’m 3 years away from retirement and I’m 90% in equities, do I buy bonds?
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Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed You are encouraged to seek tax or legal advice from an independent professional.
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Risk Considerations: The economic forecasts set forth in this presentation may not develop as predicted and there can be no guarantee that strategies promoted will be successful. Stock investing involves risk including loss of principal. Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price. International and emerging market investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors.
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CFP® – The CERTIFIED FINANCIAL PLANNER® certification is by the CFP Board of Standards, Inc. To attain the right to use the CFP® mark, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. 30 hours of continuing education is required every 2 years to maintain the certification.
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CFA® – Chartered Financial Analyst® designation contains three levels of curriculum which includes analysis using investment tools, valuation of assets, and synthesizing the concepts and analytical methods in a variety of applications for effective portfolio management and wealth planning. Candidates must meet enrollment requirements, self-attest to professional conduct, complete the approx. 900 hours of self-study, and successfully pass each level’s 6-hour exam to use the designation. CFA Institute does not endorse, promote, or warrant the accuracy or quality of Pure Financial Advisors. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
