Q1 2025 Outlook: Touch-and-Go
We’re excited to share our Q1 2025 Outlook: Touch-and-Go.
In the lead article, Chief Investment Officer Michael Crook discusses the evolving state of the U.S. economy, suggesting that the expected “soft landing” has shifted to a “touch-and-go” scenario—marked by periods of slowing growth followed by reacceleration. He explores the implications of this dynamic for monetary policy, market performance, and investment strategies (page 4). From there, we examine the impacts of U.S. tariff policies on consumers, producers, and industries (page 9), outline our tactical perspectives (page 11), and review key developments from the fourth quarter (page 12).
To round out this issue, we feature a spotlight on multifamily real estate by Nora Pickens, Principal of Investment Strategy, highlighting opportunities created by rising rates and housing shortages (page 13), and an article by Michael LoCasale, Director, Wealth Advisor, offering key considerations for drafting or updating your will (page 16).
We hope you find this issue both informative and thought-provoking.
Download the Q1 2025 Outlook here.
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Any views expressed above represent the opinions of Mill Creek Capital Advisers ("MCCA") and are not intended as a forecast or guarantee of future results. This information is for educational purposes only. It is not intended to provide, and should not be relied upon for, particular investment advice. This publication has been prepared by MCCA. The publication is provided for information purposes only. The information contained in this publication has been obtained from sources that
MCCA believes to be reliable, but MCCA does not represent or warrant that it is accurate or complete. The views in this publication are those of MCCA and are subject to change, and MCCA has no obligation to update its opinions or the information in this publication. While MCCA has obtained information believed to be reliable, MCCA, nor any of their respective officers, partners, or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of this publication or its contents.
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