Monthly Market Recaps

September PMC Monthly Market Recap

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© 2025 Envestnet, Inc. All rights reserved. For one-on-one use with a client's financial advisor only. US GDP Growth US GDP growth for Q2 was 3.8%— well above the consensus. This was an unusual report as massive inventory drawdowns pulled GDP down while an even more dramatic decline in imports pushed economic growth higher. Essentially, Q2 was the antithesis of Q1. 2.5% consumer spending growth was a bit disappointing, however, but 4.4% fixed investment growth was good news. The US economy is reasonably healthy and isn't heading into an imminent recession. Source: Bloomberg; Envestnet Quantitative Research Group (QRG). Latest 3.80% -40% -30% -20% -10% 0% 10% 20% 30% 40% 6/75 6/80 6/85 6/90 6/95 6/00 6/05 6/10 6/15 6/20 6/25 Historical Average 2.83% 20251003-4872948

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