The Market Update
Welcome to The Market Update, your weekly source for timely insights and expert commentary. Each episode, Adam Phillips, CFA, CFP®, Managing Director of Investments and Partner at EP Wealth Advisors, breaks down the latest market movements and economic developments—highlighting what matters most to investors and why.
The Market Update Videos
Sept. 16, 2025
Fed Poised for Rate Cut
This week’s Federal Reserve meeting could bring the first rate cut in nearly a year. But with inflation progress stalling and markets already up more than 30% since April, the path ahead remains uncertain.
In this Market Update, we cover:
- Why labor market weakness is driving Fed action
- Inf…
Aug. 19, 2025
Tariffs, Inflation, and the Fed: What Investors Need to Watch
One of the big questions for markets right now is: who’s really paying for the tariffs? The U.S. government is collecting tariff revenues at a pace of roughly $300 billion per year, but whether those costs fall on importers, exporters, or consumers is still evolving.
Recent data suggests producer…
Aug. 12, 2025
Strong Market Rally Meets CPI Test This Week
September rate cut odds are at 90%—but this week’s CPI report could change everything. The S&P 500 is up 28% since April, yet seasonal headwinds and investor fatigue may be ahead. Watch EP Wealth’s Weekly Market Update for the full analysis.
Disclosures:
EP Wealth Advisors, LLC (“EP Wealth”) is a…
Aug. 5, 2025
Job Data Shakes Fed Rate Expectations
The Market Update with EP Wealth Advisors Managing Director of Investments, Adam Phillips, CFA®, CAIA, CFP®
Last week was a busy one for markets, with headlines dominated by earnings from several tech giants and major tariff announcements. But two events, in particular—the Federal Reserve’s policy…
July 21, 2025
Inflation Appears Tame, But Underlying Pressures Emerge
The Market Update with EP Wealth Advisors Managing Director of Investments, Adam Phillips, CFA®, CAIA, CFP®
Mixed Inflation Signals and Fed Leadership in the Spotlight
The June Consumer Price Index (CPI) report brought mixed news for markets. While overall inflation appeared moderate—marking the…
July 15, 2025
Riding the Rally, But Watch for Trade Risks
Market Update: Riding the Rally, But Watch for Trade Risks
Markets continue to hover near all-time highs, with the S&P 500 up roughly 26% since its April 8 low. That date marked the day before President Trump announced a 90-day pause on tariffs—a move that has since been extended through August …
July 8, 2025
Policy Clarity and Market Resilience
President Trump’s “one big, beautiful bill” was signed into law on July 4th, beating expectations and easing a major source of market uncertainty. Among its provisions, the bill extends and makes permanent the individual tax cuts from the 2017 Tax Cuts and Jobs Act—avoiding what would have been a $…
July 1, 2025
Market Hits New High as First Half Closes—But Uncertainty Remains
As the first half of 2025 wraps up, the S&P 500 has reached a new all-time high—rebounding over 25% since April. But elevated valuations, looming tariff deadlines, and unresolved fiscal policy keep investors on edge.
In this update:
What drove the market’s sharp rebound
Why caution is still warran…
June 24, 2025
Geopolitical Uncertainty and the Markets: What Oil Is Telling Us
This week’s Market Update focuses on the financial ripple effects following the weekend’s strike on Iranian nuclear sites. While markets remain relatively calm for now, investors are watching oil prices closely—and keeping an eye on potential retaliation from Iran.
In this episode:
Why markets may…
June 10, 2025
Jobs Report Eases Fears—Though Cracks Are Beginning to Show
The Market Update
Markets responded positively to May’s jobs report, which showed 140,000 new jobs and a steady 4.2% unemployment rate. But beneath the headline numbers, warning signs are starting to emerge.
In this week’s Market Update:
The labor force shrank by 625,000—raising concerns about d…
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