October 13, 2025

Q3 2025 Capital Market Review – Working Man’s Blues

There’s a growing divide in how Americans are experiencing the economy. Those with assets may feel confident, while others—especially those without a financial cushion—are feeling the pinch of inflation and a tightening labor market.

In this quarter’s Capital Market Review, Jim Kruzan, CFP®, CRPC®, tackles the theme “Working Man’s Blues.” He walks through what the data tells us about:

  • Where we are in the economic cycle

  • How the Federal Reserve’s actions are shaping outcomes

  • What worked—and what didn’t—in the markets last quarter

We follow the data in every decision we make, and this commentary aims to give you clarity on where we are now and where we might be heading.

This is the last quarterly update of 2025—but we’ll continue sharing monthly insights before returning in January with a full-year review.

🎥 Watch the full Q3 2025 Market Review below:

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