In this mid-year edition of The Wealth Enterprise Briefing, Michael Zeuner and Sam Sudame of WE Family Offices revisit the macro themes shaping 2025 and assess whether their core investment strategy still holds.
What began as a year marked by policy uncertainty is starting to crystallize. Tariffs, once assumed to be negotiation tools, have become real economic levers, now filtering into inflation data. Meanwhile, tax cut extensions have delivered short-term stimulus but added to long-term fiscal pressures. Together, these forces are reshaping expectations for growth, inflation and interest rates.
Michael and Sam examine:
While some uncertainty has resolved, much remains, particularly around the durability of stimulus, the impact of trade policy and the trajectory of growth. The core recommendation remains unchanged: stay invested, maintain optionality and avoid large directional bets.
To explore how these mid-year shifts may align, or conflict, with your family's priorities, please don't hesitate to reach out to us.
Important Information:
The Wealth Enterprise Briefing contains our current opinions and commentary, which are subject to change without notice. The Briefing is distributed for informational and educational purposes only and does not consider the specific investment objective, financial situation, or particular needs of any recipient. Information contained herein has been obtained from sources we believe to be reliable, but we do not guarantee its completeness or accuracy. The information in the Briefing is not a recommendation of any security, and should not be relied upon as investment, legal or tax advice. Please consult with your investment, legal and tax advisors regarding any implications of the information presented in this presentation.