Q2 2025 Macro Update with Kim Arthur (CEO/CIO) and James Maxwell (VP of Research) at Main Management

Join Kim Arthur, CEO and CIO of Main Management, and VP of Research James Maxwell as they break down key economic and market themes shaping Q2 2025. This episode features a comprehensive review of global asset classes for Q1 and year-to-date 2024, along with insights into historical drawdowns, economic price uncertainty, and the impact of tariffs on the global landscape.

The conversation spans a wide range of timely topics including U.S. GDP trends, first-year-of-election-cycle market returns, U.S. dollar dynamics, and performance of international equities. Additional highlights include analysis of Fed Funds Futures, inflation data, labor market conditions, consumer sentiment, productivity trends, real wages, and evolving earnings estimates.

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.