‘Muddiness’ & Uncertainty in the Markets (With Cameron Dawson)
On Investing
Navigating Labor Market Anomalies
This chapter examines the unusual equilibrium in the labor market, marked by less hiring despite stable employment levels. It also delves into current market trends, highlighting sectors of growth and the potential of biotechnology amidst volatility in equities and fixed income.
Kathy Jones and Liz Ann Sonders discuss recent unemployment data, the upcoming Fed meeting, and the performance of the Magnificent 7 stocks.
Then, Liz Ann Sonders and Cameron Dawson, Chief Investment Officer of NewEdge Wealth, discuss the “muddiness” in the current economic data and the overall landscape, focusing on inflation, tariffs, consumer behavior, corporate margins, and the outlook for earnings. They explore the complexities of the bond market, foreign demand for US securities, and the implications of corporate balance sheets on the economy. Their conversation also highlights the importance of international diversification and strategic portfolio construction in uncertain times.
You can read Liz Ann and Kevin’s midyear report, “2025 Mid-Year Outlook: U.S. Stocks and Economy,” on schwab.com.
On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.
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Important Disclosures
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Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.
Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.
Investing involves risk, including loss of principal.
Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.
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