In our latest quarterly investment outlook video, Ali Phillips, President and Partner at Obermeyer Wealth Partners, reflects on a turbulent second quarter of 2025 marked by dramatic policy swings and significant market volatility, yet underscored by remarkable economic resilience. From the immediate aftermath of “Liberation Day’s” sweeping tariff announcements to the sharp market reversals following the 90-day tariff pause, investors experienced a true “whiplash” effect as sentiment shifted rapidly with each policy development. Despite brief bear market territory in April and geopolitical tensions from the Israel-Iran conflict, global equities rallied broadly with major indices posting double-digit gains for the quarter. Phillips discusses the firm’s strategic portfolio adjustments while highlighting key factors to monitor ahead—from the July 9th global tariff deadline and ongoing Middle East risks to promising AI sector growth and attractive small-cap valuations that could benefit from emerging policy clarity on trade and taxation.
