The Wealth Enterprise Briefing

Economic headlines have been mixed all year, but recently, the tone of the data has shifted.

In this episode of The Wealth Enterprise Briefing, Michael Zeuner is joined by Sam Sudame to revisit the macroeconomic picture and unpack what's showing up in both soft and hard data as of late summer 2025.

They discuss the delayed impact of tariff policy, why recent inflation spikes are especially important and what slowing consumption and production could signal for the months ahead. They also examine how these risks fit into long-term portfolio positioning, particularly in the context of rising markets and resilient earnings.

Key points in their discussion include:
  • What worsening hard data reveals about growth and inflation
  • Why 2025 may now reflect a stagflationary pattern
  • Implications for interest rate exposure and bond portfolios
  • How markets are reacting to earnings even as fundamentals weaken
  • The case for rebalancing and staying diversified through cycles

While the data is pointing toward more turbulence ahead, Michael and Sam reinforce the value of thoughtful planning, realistic expectations and long-term focus.

If this environment has you rethinking how your portfolio is positioned, please reach out to us. We're here to help you think it through.

Important Information:
The Wealth Enterprise Briefing contains our current opinions and commentary, which are subject to change without notice. The Briefing is distributed for informational and educational purposes only and does not consider the specific investment objective, financial situation, or particular needs of any recipient. Information contained herein has been obtained from sources we believe to be reliable, but we do not guarantee its completeness or accuracy. The information in the Briefing is not a recommendation of any security, and should not be relied upon as investment, legal or tax advice.  Please consult with your investment, legal and tax advisors regarding any implications of the information presented in this presentation.

What is The Wealth Enterprise Briefing?

The Wealth Enterprise Briefing highlights the latest trends in investment strategies for ultra-high-net-worth families. Join host Michael Zeuner, Managing Partner at WE Family Offices for interviews with industry experts about financial news and investment topics impacting enterprising families.