Market Summary 3Q - 2025

"Ryan Bouchard, CFA, CFP®, CEPA, AIF®" |
Categories
Quarterly Market Commentary
Economic Outlook
Investing
Stocks
Investment Strategy

Resilience, Recovery, and the Road Ahead

The S&P 500 gained 8.1% in the third quarter of 2025, with micro-cap tech stocks surging. Broader participation is emerging in technology with earnings growth no longer confined to mega-cap leaders.

International equities lagged U.S. markets for the second consecutive quarter, helped by a softer dollar in both developed and emerging markets. 

Treasury yields declined during the quarter, reflecting softer labor data and Federal policy shifts.

Consumer resilience shined as spending increased despite the higher unemployment rate, decreased job openings, and below average housing starts from sustained elevated mortgage rates. Inflation is continually on target but increased slightly due to food, auto repair, and insurance rates. U.S. government shutdown and ongoing uncertainty in fed policy while valuations remain high makes optimism vital in this economic landscape.

  • Where does the U.S. stand in the international market?
  • How should consumers be considered in investment strategy for the rest of 2025?
  • What does the current market status and economic backdrop mean for disciplined investors?

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