Q4 2025 Macro Update | Main Management's Kim Arthur & James Maxwell

Описание: Join Main Management’s CEO & CIO Kim Arthur and VP of Research James Maxwell as they discuss the key economic and market themes shaping Q4 2025.

In this episode, they explore how corporate tax policy, CapEx trends, and AI-driven investment are shaping growth expectations heading into 2026, while also examining the Federal Reserve’s evolving rate path, labor market dynamics, and the effects of easing energy prices and tariffs on inflation. The discussion highlights the resilience of international equities, ongoing earnings strength, and what the fourth year of the current bull market may mean for investors and advisors.


Main Management, LLC (“Main Management”, or the “Firm”) is an investment adviser registered under the Investment Advisers Act of 1940, as amended. The Firm was founded in 2002 and provides investment management services primarily to high net worth, family groups, foundations/endowments, and serves as a sub-adviser to third-party investment advisers & broker-dealers.

The information contained herein was prepared using sources that the Firm believes are reliable, but the Firm does not guarantee its accuracy. The information reflects subjective judgments, assumptions and the Firm’s opinion on the date made and may change without notice. The Firm is not obligated to update this information. Nothing herein should be construed as investment advice or a recommendation to purchase or sell securities. The information is not intended as an offer to provide advisory services in any state or jurisdiction where such offer would not be permitted under applicable registration requirements. All equity investing entails risk of loss.

In preparing this material, Main Management has not taken into account the investment objectives, financial situation or particular needs of any individual investor. Many securities transactions are risky and are not suitable for all investors. All securities investments carry risk, including a risk of loss of principal.