Markets have been anything but quiet – tariffs, rate moves, and a fresh capital expenditure (CapEx) boom are shaping the landscape. In this briefing, Donald Greene and Chris Hyzy break down the latest macro trends and opportunities for charitable giving. 

At a glance

• Market backdrop: Inflation is moderating and markets have digested tariff headlines, recession worries, and bond-yield volatility.
• What changed mid-year: Easing tariff noise, clearer rules, and a resilient consumer helped shift from repricing risk to a relief/workout phase.
• Where growth is building: A CapEx boom tied to infrastructure, domestic capital equipment, and innovation (including AI) is unfolding now and beyond.
• Asset allocation today: Momentum remains a factor, with opportunities across U.S. and select non-U.S. markets.
• Giving strategies: Use of appreciated assets, donor-advised funds, qualified distributions from an individual retirement account to potentially increase after-tax impact – coordinate early with your advisor.