The Walker Webcast Kate Moore, Chief Investment Officer at Citi Wealth
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Aug 7, 2025 Kate Moore, Chief Investment Officer at Citi Wealth, shares her expertise on the current macroeconomic landscape. She discusses the reasons behind investor paralysis and shifting consumer behavior, emphasizing the implications of prolonged high interest rates on portfolios. Kate sheds light on faltering corporate confidence and the complexities of the labor market. Her insights on tax reform and the Fed's future provide a compelling view of what lies ahead for the economy.
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Market Valuation and Investor Paralysis
- Equities and credit markets are near their 100th percentile valuation over 15 years, indicating high prices and low bargains.
- This contributes to investor paralysis, leading many to hold large cash reserves despite uncertainty.
Regressive Tax Bill's Impact
- The recent US tax bill is regressive, favoring high earners and challenging lower-income consumers.
- This shift risks political volatility and could impact future economic growth patterns.
US Debt Concerns Growing Globally
- The US debt is increasing without bipartisan efforts to reduce it, causing growing international investor concern.
- Foreign clients are questioning the sustainability of US growth and willingness to invest in US debt.