Bell Investment Advisors

JUNE 27, 2025

and Global Economies Tariffs — Current Status & Impacts Debt, Inflation, & the “Big, Beautiful Bill” Questions from Clients Bell Investment Advisors Webinar June 2025 From Policy to Portfolio: The Economic Impact of Tariffs Note: This transcript has been edited for clarity and context. 11:18 Ryan Kelley: And then the U.S.

Economics 52

Economics Portfolio Taxes Numbers 52

Carson Wealth

JULY 14, 2025

While the future is always uncharted, we are in a period where the president of the United States has chosen to try to wield the power of his office to reshape the US economy, and by extension the global economy. At the same time, the US economy still has some important sources of strength and there are also policy tailwinds.

Investing 85

Investing Investments Marketing Marketing 85

Carson Wealth

JULY 11, 2025

One of the opportunities we highlighted early in the year in our 2025 Outlook was a big tax bill that boosted corporate profits, similar to 2017. We got massive tariffs first, and it was quite a struggle to get the tax bill past the finish line. Of course, as we know only too well, that didn’t happen.

Taxes 75

Taxes Marketing Marketing Government 75

The Big Picture

FEBRUARY 4, 2025

The transcript from this weeks, MiB: Apollo’s Torsten Slok on the US Economy & Trump 2.0 , is below. You know, most of the economists that you’re probably familiar with haven’t really had a good handle on the state of the economy over the past couple of years. He was just on such a roll.

Economy 253

Economy Banking Economics Taxes 253

The Big Picture

MARCH 17, 2025

You sit in a room all day doing tax returns or something, it’s just not, you know, that it seemed antisocial. So you end up teaching at the University of Missouri, Kansas City for 18 years, from 1999 to 2017. Barry Ritholtz : So what brought you in 2017 to my alma mater, SUNY Stony Brook. And I thought, what do you do?

Economy 144

Economy Taxes Budgeting Government 144

Carson Wealth

MAY 19, 2025

What hasnt manifested yet are the opportunities we talked about in our 2025 Outlook , and the main one there was tax cuts (in addition to deregulation). How Big Will the Tax Bill Be? When I ask how big the tax bill will be, Im really talking about deficits. Lets talk about that.

Marketing 52

Marketing Marketing Taxes Economy 52

The Big Picture

FEBRUARY 3, 2025

Economy : For the second time, President Trump inherited a robust economy from his predecessor. we have enjoyed a resilient, surprisingly strong economy characterized by full employment, strong wages, and robust spending. 25% tariff levels will have a very significant impact on the global economy and the U.

Economy 313

Economy Economics Taxes Healthcare 313

Carson Wealth

FEBRUARY 6, 2025

Trade makes up ~ 70% of both economies GDP. Whereas exports are not a significant piece of the US economy. All else equal, tariffs are a tax, and that means prices will go up. A big increase in federal spending, and lower revenue on the back of the 2017 tax cuts, sent the deficit higher. of GDP by the end of 2019.

Taxes 64

Taxes Manufacturing Economy Government 64

Harness Wealth

APRIL 11, 2025

Lastly, an update regarding a crucial Fifth Circuit case emphasizing the importance of clearly defined business components when claiming research tax credits. Budget Reconciliation: Tracking the 2025 Trump Tax Cuts By Tax Foundation Extending the expiring 2017 Tax Cuts and Jobs Act (TCJA) would decrease federal tax revenue by $4.5

Taxes 52

Taxes Retirement Financial Planner Accounting 52

The Big Picture

AUGUST 12, 2024

Do we simply ignore the growth in the size of the economy and the U.S. Economy in 2022 was $25,439.70B; in 2009, it was $14,478.06B; ignore that also? October 2, 2017) Deficit Chicken Hawks vs Ronald Reagan (July 13, 2010) Politics & Investing The post Catastrophizing Debt appeared first on The Big Picture. population?

Economy 347

Economy Taxes Investing Investments 347

Calculated Risk

JANUARY 13, 2023

1) Economic growth: Economic growth was probably close to 1% in 2022 as the economy slowed following the economic rebound in 2021. How much will the economy grow in 2023? Defaulting on the debt with an already weak economy will likely push the economy into recession. Or will the economy lose jobs? 2008 0.1% -2.5%

Economy 278

Economy Sales Economics Investing 278

Abnormal Returns

OCTOBER 1, 2023

awealthofcommonsense.com) Higher interest rates mean higher taxes. theatlantic.com) Policy Per the IRS, nearly 1,000 tax filers who earn more than $1 million per year have still not filed federal tax returns for at least one year from 2017 to 2020. economist.com) Economy Q3 GDP tracking around 3%.

Financial Advising 299

Financial Advising Taxes Media Government 299

The Big Picture

AUGUST 17, 2022

What’s obvious is that cheaper is better than more expensive; that there are inherent costs in managing an active portfolio that include more than just trading and taxes but research, analysis, PMs, etc. Previously : Don’t Blame Morningstar for Our Own Shortcomings (October 26, 2017). Dangerous for economy.

Taxes 332

Taxes Portfolio Management Investing 332

Abnormal Returns

JUNE 9, 2024

wsj.com) Policy What happens if the 2017 tax cuts lapse. papers.ssrn.com) Economy Signs that the bottom 50% of the income spectrum have done well post-pandemic. (humbledollar.com) Russia An increasing portion of Russia's budget is dedicated to fighting Ukraine. msn.com) How Russian propaganda spreads despite bans in place.

Financial Advising 278

Financial Advising Budgeting Economics Media 278

Calculated Risk

JANUARY 10, 2024

How much will the economy grow in 2024? A year ago, I argued that "the economy will avoid recession" in 2023, even though some key indicators suggested a possible recession, the FOMC was forecasting an employment recession, and many Wall Street analysts were forecasting an economic recession. Or will the economy lose jobs?

Economy 200

Economy Sales Economics Investing 200

The Big Picture

JULY 27, 2022

Consider these columns going back to 2013 pointing out the foolishness of tax-payer subsidized corporate welfare queens (2013), and why median wages were rising ( 2016 , 2017 , 2018 , 2018 , 2019 ). This attests to the robustness of the labor economy, recession or not. Then came the pandemic, and a huge federal worker subsidy.

Medicine 329

Medicine Numbers Food Insurance 329

Brown Advisory

DECEMBER 4, 2017

2017 Year-End Planning Letter. Mon, 12/04/2017 - 13:10. presidential election, we have grappled with the lack of clarity regarding the details of new tax legislation. The outcome of the tax reform debate is likely to impact how we advise clients on tax planning, estate planning and a host of other topics.

Planning 52

Planning Taxes Clients Tax Planning 52

Harness Wealth

MAY 2, 2025

The Tax Cuts and Jobs Act (TCJA)the 2017 tax code overhaul designed to boost economic growthis set to expire on December 31, 2025. Unless Congress intervenes, the TCJAs sunset will usher in a swathe of tax increases in 2026, with analysts estimating that over $4 trillion worth of tax hikes could take effect.

Taxes 52

Taxes Clients Insurance Distribution 52

Carson Wealth

OCTOBER 30, 2023

While economic growth may have peaked in the third quarter, we expect the economy to remain supportive. With the economy on firm footing and sentiment turning pessimistic, we remain optimistic a significant year-end rally is still possible. The Energizer Bunny Economy You just can’t put this economy down. Despite the U.S.

Marketing 96

Marketing Marketing Economy Government 96

Brown Advisory

JUNE 23, 2016

NOW 2016 | Energy, Money and the New World Economy achen Thu, 06/23/2016 - 10:27 The benefits to the U.S. economy since 2008. Yergin is one of the most soughtafter thought leaders on the interplay of energy, international politics and the global economy. from its “revolution” in shale oil production have been far-reaching.

Economy 52

Economy Communication Clients Taxes 52

Brown Advisory

JUNE 23, 2016

NOW 2016 | Energy, Money and the New World Economy. economy since 2008. Yergin is one of the most soughtafter thought leaders on the interplay of energy, international politics and the global economy. Still, he said, he expects to see a better balance in 2017 between oil supply and demand. Thu, 06/23/2016 - 10:27.

Economy 52

Economy Communication Clients Taxes 52

Validea

SEPTEMBER 8, 2022

An opinion piece in the Financial Times contends that the focus on stock buybacks in the Inflation Reduction Act, which imposes a 1% excise tax on share repurchases, indicates a lack of understanding of the function of buybacks and the part they play in a healthy economy.

Taxes 59

Taxes Economy Accounting Distribution 59

Brown Advisory

NOVEMBER 1, 2019

This year, two factors will be important considerations in our year-end planning work: 1) current market dynamics (specifically, ongoing market volatility, low interest rates and a flat yield curve), and 2) the 2017 tax overhaul and our ongoing integration of new tax rules into clients’ long-term plans. Non-Taxable Gifts.

Planning 52

Planning Taxes Clients Assets 52

Brown Advisory

MARCH 13, 2018

Further, 2017 overall was extraordinary for its lack of market volatility; the S&P 500 Index rose steadily throughout the year without so much as a 3% pullback—a first in the Index’s long history. For most of 2017, the VIX was exceptionally depressed, signaling that investors expected very little volatility in prices.

Investing 52

Investing Investments Economy Assets 52

Brown Advisory

MARCH 13, 2018

Further, 2017 overall was extraordinary for its lack of market volatility; the S&P 500 Index rose steadily throughout the year without so much as a 3% pullback—a first in the Index’s long history. For most of 2017, the VIX was exceptionally depressed, signaling that investors expected very little volatility in prices.

Investing 52

Investing Investments Economy Assets 52

Brown Advisory

MARCH 14, 2023

In addition, the best month of market performance since the end of 2017 (April 2020) coincided with the largest differential in analyst upgrades versus downgrades the month prior (March 2020). This ties for the fourth greatest negative monthly differential between upgrades and downgrades (-10) since the end of 2017. equity universe.

Clients 97

Clients Investing Investments Sales 97

Brown Advisory

MAY 10, 2018

After an unnaturally serene 2017, volatility roared back into equity markets this year, fueled by worries over interest rates, inflation, tariffs and data privacy. The tariffs announced so far affect a very small slice of the global economy, but we could see an escalation into a broader set of trade barriers between China and the U.S.,

Economy 52

Economy Portfolio Clients Sales 52

Brown Advisory

MAY 10, 2018

After an unnaturally serene 2017, volatility roared back into equity markets this year, fueled by worries over interest rates, inflation, tariffs and data privacy. The tariffs announced so far affect a very small slice of the global economy, but we could see an escalation into a broader set of trade barriers between China and the U.S.,

Economy 52

Economy Portfolio Clients Sales 52

Brown Advisory

MARCH 14, 2023

In addition, the best month of market performance since the end of 2017 (April 2020) coincided with the largest differential in analyst upgrades versus downgrades the month prior (March 2020). This ties for the fourth greatest negative monthly differential between upgrades and downgrades (-10) since the end of 2017. equity universe.

Clients 81

Clients Investing Investments Sales 81

Zoe Financial

JULY 1, 2024

which is the lowest since 2017). Nothing in these materials is intended to serve as personalized tax and/or investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances. Economies and markets fluctuate. What are the drivers of the market going up?

Marketing 40

Marketing Marketing Economics Taxes 40

Yardley Wealth Management

SEPTEMBER 14, 2022

2020: COVID-19 shuts down economies worldwide. 2017: The year-end Tax Cuts and Jobs Act (TCJA) upends U.S. Civil unrest rides high across a gamut of socioeconomic concerns, and a divisive U.S. presidential election looms large. 2018: Two U.S. 2016: The Brexit referendum and U.S. presidential election deliver surprising outcomes.

Investing 52

Investing Investments Wealth Management Government 52

Brown Advisory

MAY 31, 2017

EUROPEAN RE-ENTRY: Why We Are Shifting Portfolios Toward European Stocks achen Thu, 06/01/2017 - 02:47 Asset allocation—at least for us—is an exercise in nuance. Further, we see room for the European economy to grow. stocks as of the end of 2015 on an EV/EBITDA basis; that gap widened to 20% by the end of April 2017.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

MAY 31, 2017

Thu, 06/01/2017 - 02:47. We have a number of reasons for our renewed comfort level: Improving economy: The weakness of Europe’s macroeconomic outlook in recent years was one of the primary red flags we saw for European stocks. Further, we see room for the European economy to grow. is much clearer. stocks growing more expensive.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

MAY 2, 2019

Our goal was to convene experts and leaders from across our economy, and examine some of the quantum innovations in technology and deep cultural transformations that are impacting our world. "Bold New World": Austin Conference Recap. Thu, 05/02/2019 - 08:16. In April, we presented our “Bold New World” conference in Austin.

Taxes 52

Taxes Clients Startup Investing 52

Brown Advisory

AUGUST 1, 2018

continues apace and has even accelerated somewhat, thanks in part to the corporate tax reductions enacted late last year. Even as the “E” (earnings) component of the P/E ratio has increased in 2018 thanks to the strong economy and tax cuts, the “P” (price) component has moved up more, and valuations have risen perceptibly.

Management 52

Management Investing Investments Valuation 52

Brown Advisory

AUGUST 1, 2018

continues apace and has even accelerated somewhat, thanks in part to the corporate tax reductions enacted late last year. Even as the “E” (earnings) component of the P/E ratio has increased in 2018 thanks to the strong economy and tax cuts, the “P” (price) component has moved up more, and valuations have risen perceptibly.

Management 52

Management Investing Investments Valuation 52

Brown Advisory

FEBRUARY 7, 2019

Despite municipal fund outflows for the year, price levels were supported by limited supply (as we discuss below, the 2017 tax overhaul eliminated a component of the muni market that historically accounted for approximately one-quarter of total annual issuance). dollar-denominated, fixed tax exempt bond market.

Taxes 52

Taxes Clients Investing Investments 52