Commerce Trust

Look at the Markets

 

Fourth Quarter 2025

Visual insights into economic and market trends

Persistent inflation and receding job growth coupled with delayed policy implementation and tariffs have created a confusing market for policymakers and market participants to understand. But economic growth has rebounded, and earnings have continued to be robust as artificial intelligence (AI) fuels spending.

Explore our quarterly report focusing on underlying trends and themes inside the economy and markets, along with analysis and insight from David Hagee, Chief Investment Officer, Commerce Trust, and our investment management leadership team.

Explore Commerce Trust Look at the Markets

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The opinions and other information in the charts and commentary are provided as of October 17, 2025 and are subject to change based on changes in the market or other conditions. Commerce Trust does not undertake to advise you of any change in its opinions or the information contained in these charts and commentary. This summary is intended to provide general information only and may be of value to the reader and audience.

The information contained herein is not directed to, designed for, or individually tailored to, any particular investor or potential investor. Different types of investments have varying degrees of risk and the asset classes and investments discussed in this commentary may not be appropriate for all investors.

Past performance is no guarantee of future results. Diversification does not guarantee a profit or protect against all risk. This material is not a recommendation of any particular investment strategy, is not based on any particular financial situation or need and is not intended to replace the advice of a qualified tax advisor or investment professional.

Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.