Signals in Conflict: What to Make of Mixed Economic Data

The Wealth Enterprise Briefing

In this episode of The Wealth Enterprise Briefing, Michael Zeuner and Sam Sudame of WE Family Offices unpack the widening disconnect between what stocks and bonds appear to be pricing in. While optimism around trade has lifted consumer confidence and driven a surge in retail trading activity, key indicators tied to corporate sentiment and activity are pointing to a slowdown.

Key topics include:

• Manufacturing and services PMIs have moved into contraction
• CEO sentiment and new orders data signal margin pressure
• Retail trading is driving equity gains, despite weaker fundamentals
• Rising term premiums and a steepening yield curve in bonds
• The Fed faces tension between slowing growth and sticky inflation
• Investors should watch both sentiment and hard data closely

Michael and Sam close by emphasizing the importance of maintaining a diversified approach, particularly as near-term sentiment and long-term fundamentals continue to pull in different directions.

As always, if you have any questions or would like to discuss how these developments may impact your family's wealth enterprise, please don't hesitate to contact us.

Important Information:

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