
FOCUS Quarterly Report | Q3 2025
Muddle, Bust, or Boom? Scenarios for the Economy and Consumers OVERVIEW The third quarter of
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Muddle, Bust, or Boom? Scenarios for the Economy and Consumers OVERVIEW The third quarter of


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The Confidence Gap: Strong Economy, Shaky Sentiment OVERVIEW U.S. stocks posted strong returns during the

https://www.cnbc.com/video/2025/07/15/ladner-investor-sentiment-has-improved-on-optimism-over-clarity-on-trade-deals-soon.html

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Short-Term Market Volatility Market volatility over the past week has been nothing short of historic.

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Tariffs are taxes and taxes slow economic growth. The Trump administration’s newly announced tariff policy

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OVERVIEW Stocks posted mixed results during the fourth quarter of 2024. Investors were initially encouraged

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Watch Video As stocks dip and Treasury yields climb, CIO Scott Ladner remains cautiously optimistic.

Watch Video Despite no significant changes in the economy, a shift in perspective has created

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The latest homebuilder data could provide some promising signals for the housing market. Chief Investment

Chief Investment Officer Scott Ladner dove into the key forces shaping today’s markets during a

Inflation concerns, rather than growth expectations, could be behind the rise in 10-year yields, especially

“We’re gaining on it.” The mega-cap growth to small-cap stock transition that is. A solid

Chief Investment Scott Ladner joined BNN Bloomberg to discuss potential impacts of the U.S. election

We think a “barbell approach” combining both sectors and ETFs may be beneficial to balance

OVERVIEW Stocks posted another quarter of positive returns — despite some significant volatility along the

Chief Investment Officer Scott Ladner joined BNN Bloomberg for a wide-ranging conversation on the post-COVID

How do you harness the resilience of the U.S. consumer? With steady wage gains and

During a recent conversation with Schwab Network, Chief Investment Officer Scott Ladner highlighted three key

With recent Chinese stimulus measures stirring excitement in the markets, it’s easy to get caught

Defensive stocks have come into focus as global tensions have risen in recent weeks –

September holds its notorious history of challenging stocks. How could interest rate cuts affect the

Regardless of stabilized delinquency rates and healthy debt-to-income ratios, consumers do not believe this is

Despite Nvida’s recent slump, the market kept moving. Chief Investment Officer Scott Ladner joins Schwab

Watch out above. Here comes revenue per employee. Chief Investment Officer Scott Ladner joins CNBC

Homebuilders and housing stocks may be a smart first play for the anticipated September cut

Slower numbers do not necessarily mean weak numbers. Chief Investment Officer Scott Ladner joins BNN

The markets have shown remarkable resilience, rebounding from last Monday’s sell-off. But is it time

The recent market volatility should prompt investors to take a deep breath and evaluate their

Overview Overall, stocks delivered another quarter of strong gains during the three-month period ending June

Will the next round of AI earnings be impressive – or lackluster? Chief Investment Officer

Would a September rate cut be a political move? Chief Investment Officer Scott Ladner joined

With GDP and inflation slowing, keep in mind our strong starting place. Chief Investment Officer

Where do you go from yesterday’s Fed-induced sell-off? CIO Scott Ladner joins CNBC Worldwide Exchange

Utilities are the top performing sector this quarter. Is this the next AI play? Chief

https://www.youtube.com/watch?v=K_2CoH-Ju1o&t=8234s%20 Chief Investment Officer Scott Ladner joins Bloomberg to discuss large vs small business confidence.

Is the Fed out of play as a market catalyst at this point? Chief Investment
OVERVIEW Stocks during the first quarter of 2024 extended the rally that began late last

Chief Investment Officer Scott Ladner joins Mornings With Maria on Fox Business to analyze this

Chief Investment Officer Scott Ladner breaks down the chips and the materials and energy sectors
Chief Investment Officer Scott Ladner and Head of Consulting Solutions Austin Fitch, CFA®, review the

The market has done well in the face of repricing to half of their initial

We expect market broadening within the S&P rather than small or mid-caps. Chief Investment Officer

Earnings momentum, disinflation, and a global easing cycle… is the US an attractive place to

Chief Investment Officer Scott Ladner joins Gregg Greenberg with InvestmentNews to share how Horizon’s goals-based

Until bazooka-style fiscal government spending is announced, we don’t see China as an attractive investment.

A broader tech. trade could be the largest driver in 2024 as the market moves

China would need massive fiscal spending to get out of its balance sheet recession

We appear to be in a war-recovery-like period, going through an abrupt normalization process, which

OVERVIEW Following a third-quarter slump, stocks roared back to life during the final three months

Chief Investment Officer Scott Ladner and Head of Consulting Solutions Austin Fitch review the fourth

“This Covid cycle that we’ve just been through was not a traditional business cycle. It

Chief Investment Officer Scott Ladner discusses his outlook for markets and investment strategy. Watch Video

Chief Investment Officer Scott Ladner joins CNBC to discuss the divergence in stock performance between

Chief Investment Officer Scott Ladner joins Fox Business ‘The Claman Countdown’ to provide investing advice.

Scott Ladner joins BNN Bloomberg to discuss the U.S. markets, and Powell’s recent comments on

OVERVIEW During the third quarter of 2023, investors hit “pause” on the rally that had

Bond market must get ‘under control’ before stocks rise again. Chief Investment Officer Scott Ladner

https://www.horizoninvestments.com/wp-content/uploads/2023/10/Q3-Webcast-Super-TB-Small_1.mp4 Chief Investment Officer Scott Ladner and Managing Director of Consulting Solutions Austin Fitch review

Look Outside of the Stocks that Gained from the Inflation Trade The staples companies were

Next-generation investing in AI will take hold in 2024 CIO Scott Ladner joined BNN Bloomberg

CIO Scott Ladner joined Schwab Network to discuss recent employment and inflation data, factors behind

Chief Investment Officer Scott Ladner joined Fox News to provide critical tips to investors on ‘Mornings

CIO Scott Ladner joined Yahoo! Finance to discuss portfolio positioning and how to prepare for

CIO Scott Ladner joined TD Ameritrade to discuss this week’s FOMC meeting and A.I.’s potential

Chief Investment Officer Scott Ladner joined CNBC to discuss what’s ahead for the busiest week

OVERVIEW During the second quarter of 2023, several key equity market indices built on their

https://youtu.be/etvuMLvXBAM Chief Investment Officer Scott Ladner and Managing Director of Consulting Solutions Austin Fitch review
Horizon Investments chief investment officer Scott Ladner analyzes the market as it enters the second

A.I. could be the most important productivity-enhancing development for the global economy since the uptake

CIO Scott Ladner, and Managing Director Austin Fitch, CFA® discuss the debt ceiling debate, disinflation,

Overview The idea that the financial markets “climb a wall of worry” by showing resilience

Overview Financial markets suffered sizable—in some cases, historic—losses in 2022. Soaring inflation combined with an

Hear Scott talk about areas of the market to watch in 2023, and his expectations

Scott provides insight on the state of the market.

Ladner: We think there will be a lot of tailwinds for the markets in the














































































































Categories
Topics

Muddle, Bust, or Boom? Scenarios for the Economy and Consumers OVERVIEW The third quarter of 2025 reinforced the year’s defining pattern — a series of


Download Presentation



https://finance.yahoo.com/video/ai-capex-stimulus-level-boost-170029875.html Watch Now






The Confidence Gap: Strong Economy, Shaky Sentiment OVERVIEW U.S. stocks posted strong returns during the second quarter of 2025, but the path to those gains

https://www.cnbc.com/video/2025/07/15/ladner-investor-sentiment-has-improved-on-optimism-over-clarity-on-trade-deals-soon.html

Download Presentation

Read More

Watch Now

Read More Askar – stock.adobe.com


Read More





Watch Now


Short-Term Market Volatility Market volatility over the past week has been nothing short of historic. The two-day loss in the S&P 500 in the wake



Tariffs are taxes and taxes slow economic growth. The Trump administration’s newly announced tariff policy represents a ~$600 billion tax hike, roughly twice the size






Watch Now


Watch Now

Watch Now

Watch Now

Watch Now

OVERVIEW Stocks posted mixed results during the fourth quarter of 2024. Investors were initially encouraged by positive economic news and an uncontested U.S. Presidential election,


Watch Video As stocks dip and Treasury yields climb, CIO Scott Ladner remains cautiously optimistic. Unlike 2022, when inflation and interest rate hikes were the

Watch Video Despite no significant changes in the economy, a shift in perspective has created market volatility and raised questions about the Fed’s outlook. Chief




The latest homebuilder data could provide some promising signals for the housing market. Chief Investment Officer Scott Ladner visited BNN Bloomberg to discuss how potential

Chief Investment Officer Scott Ladner dove into the key forces shaping today’s markets during a recent appearance on Schwab network. From the ongoing bond volatility

Inflation concerns, rather than growth expectations, could be behind the rise in 10-year yields, especially as prediction markets fluctuate with the election. Chief Investment Officer

“We’re gaining on it.” The mega-cap growth to small-cap stock transition that is. A solid earnings outlook could solve recent small-caps underperformance relative to large-caps.

Chief Investment Scott Ladner joined BNN Bloomberg to discuss potential impacts of the U.S. election on markets.

We think a “barbell approach” combining both sectors and ETFs may be beneficial to balance risk and capture opportunities as AI advances drug development and

OVERVIEW Stocks posted another quarter of positive returns — despite some significant volatility along the way—with several equity market indices recording a string of record

Chief Investment Officer Scott Ladner joined BNN Bloomberg for a wide-ranging conversation on the post-COVID economic landscape, the growing significance of AI, and the potential

How do you harness the resilience of the U.S. consumer? With steady wage gains and relatively low debt levels, consumer spending remains a key factor

During a recent conversation with Schwab Network, Chief Investment Officer Scott Ladner highlighted three key sectors to watch in the months ahead: Technology (boosted by

With recent Chinese stimulus measures stirring excitement in the markets, it’s easy to get caught up in the buzz. However, as Scott Ladner, our Chief

Defensive stocks have come into focus as global tensions have risen in recent weeks – particularly in the Middle East. With elections around the corner

September holds its notorious history of challenging stocks. How could interest rate cuts affect the market’s response? Chief Investment Officer Scott Ladner joins BNN Bloomberg

Regardless of stabilized delinquency rates and healthy debt-to-income ratios, consumers do not believe this is a good economy. Chief Investment Officer Scott Ladner joins Fox

Despite Nvida’s recent slump, the market kept moving. Chief Investment Officer Scott Ladner joins Schwab Network to discuss a shift in focus to the broadening

Watch out above. Here comes revenue per employee. Chief Investment Officer Scott Ladner joins CNBC to discuss how the adoption of AI moves the market.

Homebuilders and housing stocks may be a smart first play for the anticipated September cut by the Fed. Chief Investment Officer Scott Ladner joins Schwab

Slower numbers do not necessarily mean weak numbers. Chief Investment Officer Scott Ladner joins BNN Bloomberg to discuss the recent U.S. jobs report and his

The markets have shown remarkable resilience, rebounding from last Monday’s sell-off. But is it time to feel confident? While the panic we witnessed last week

The recent market volatility should prompt investors to take a deep breath and evaluate their investment time horizon. Chief Investment Office Scott Ladner joined Yahoo

Overview Overall, stocks delivered another quarter of strong gains during the three-month period ending June 28, 2024. For the quarter: The Nasdaq 100 returned 8.1%.

Will the next round of AI earnings be impressive – or lackluster? Chief Investment Officer Scott Ladner joined CNBC to forecast his expectations on where

Would a September rate cut be a political move? Chief Investment Officer Scott Ladner joined Schwab Network to discuss potential motivators for the timing of

With GDP and inflation slowing, keep in mind our strong starting place. Chief Investment Officer Scott Ladner joins Fox Business Mornings With Maria to discuss

Where do you go from yesterday’s Fed-induced sell-off? CIO Scott Ladner joins CNBC Worldwide Exchange to discuss how he would play the markets. Watch Video

Utilities are the top performing sector this quarter. Is this the next AI play? Chief Investment Officer Scott Ladner joins Fox Business The Claman countdown

https://www.youtube.com/watch?v=K_2CoH-Ju1o&t=8234s%20 Chief Investment Officer Scott Ladner joins Bloomberg to discuss large vs small business confidence. Watch Video

Is the Fed out of play as a market catalyst at this point? Chief Investment Officer Scott Ladner joins Yahoo! Finance on Market Domination to
OVERVIEW Stocks during the first quarter of 2024 extended the rally that began late last year, with major market indices frequently hitting new highs during

Chief Investment Officer Scott Ladner joins Mornings With Maria on Fox Business to analyze this week’s earnings, recession probability, and Fed decision impacts on inflation.

Chief Investment Officer Scott Ladner breaks down the chips and the materials and energy sectors on Fox Business Network ‘The Claman Countdown.’ Watch Video
Chief Investment Officer Scott Ladner and Head of Consulting Solutions Austin Fitch, CFA®, review the first quarter of 2024 and provide a market outlook. Download

The market has done well in the face of repricing to half of their initial projected Fed cuts this year. CIO Scott Ladner joins Fox

We expect market broadening within the S&P rather than small or mid-caps. Chief Investment Officer Scott Ladner joins CNBC to discuss what’s ahead for the

Earnings momentum, disinflation, and a global easing cycle… is the US an attractive place to invest? Chief Investment Officer

Chief Investment Officer Scott Ladner joins Gregg Greenberg with InvestmentNews to share how Horizon’s goals-based investment management differs from traditional investing. Watch Video

Until bazooka-style fiscal government spending is announced, we don’t see China as an attractive investment. Chief Investment Officer Scott Ladner joins Bloomberg Radio to discuss

A broader tech. trade could be the largest driver in 2024 as the market moves from hardware technology to the services part of the AI

China would need massive fiscal spending to get out of its balance sheet recession and become a wise investment. Chief Investment Officer Scott Ladner

We appear to be in a war-recovery-like period, going through an abrupt normalization process, which we think should lead central banks, especially the Fed, to

OVERVIEW Following a third-quarter slump, stocks roared back to life during the final three months of 2023. The S&P 500 index of large-company stocks rallied

Chief Investment Officer Scott Ladner and Head of Consulting Solutions Austin Fitch review the fourth quarter of 2023 and provide a market outlook. Download Presentation

“This Covid cycle that we’ve just been through was not a traditional business cycle. It never has been.” CIO Scott Ladner joins Fox Business to

Chief Investment Officer Scott Ladner discusses his outlook for markets and investment strategy. Watch Video

Chief Investment Officer Scott Ladner joins CNBC to discuss the divergence in stock performance between small-cap and large-cap companies. Watch Video

Chief Investment Officer Scott Ladner joins Fox Business ‘The Claman Countdown’ to provide investing advice. Watch Video This is not investment advice or a recommendation

Scott Ladner joins BNN Bloomberg to discuss the U.S. markets, and Powell’s recent comments on raising rates. Watch Video

OVERVIEW During the third quarter of 2023, investors hit “pause” on the rally that had lifted stocks higher for much of the year. The major

Bond market must get ‘under control’ before stocks rise again. Chief Investment Officer Scott Ladner predicts ‘problems’ with small and mid-capital businesses amid high Fed

https://www.horizoninvestments.com/wp-content/uploads/2023/10/Q3-Webcast-Super-TB-Small_1.mp4 Chief Investment Officer Scott Ladner and Managing Director of Consulting Solutions Austin Fitch review the third quarter of 2023 and provide a market outlook.

Look Outside of the Stocks that Gained from the Inflation Trade The staples companies were not hurt on the input side of the inflation equation,

Next-generation investing in AI will take hold in 2024 CIO Scott Ladner joined BNN Bloomberg to discuss the upside in markets, cyclical commodities, Japan’s corporate

CIO Scott Ladner joined Schwab Network to discuss recent employment and inflation data, factors behind soft August, and artificial intelligence.

Chief Investment Officer Scott Ladner joined Fox News to provide critical tips to investors on ‘Mornings with Maria.’

CIO Scott Ladner joined Yahoo! Finance to discuss portfolio positioning and how to prepare for the Fed.

CIO Scott Ladner joined TD Ameritrade to discuss this week’s FOMC meeting and A.I.’s potential impact on sectors.

Chief Investment Officer Scott Ladner joined CNBC to discuss what’s ahead for the busiest week of the summer on Wall Street.

OVERVIEW During the second quarter of 2023, several key equity market indices built on their gains from the prior three months (see Exhibit 1). For

https://youtu.be/etvuMLvXBAM Chief Investment Officer Scott Ladner and Managing Director of Consulting Solutions Austin Fitch review the second quarter of 2023 and provide a market outlook.
Horizon Investments chief investment officer Scott Ladner analyzes the market as it enters the second half of 2023. Read Article

A.I. could be the most important productivity-enhancing development for the global economy since the uptake of the internet, notes Chief Investment Officer Scott Ladner. Watch

CIO Scott Ladner, and Managing Director Austin Fitch, CFA® discuss the debt ceiling debate, disinflation, equity allocations, and the current market environment. https://youtu.be/Sjn6C0NsP9g

Overview The idea that the financial markets “climb a wall of worry” by showing resilience in the face of significant challenges was fully displayed during

Overview Financial markets suffered sizable—in some cases, historic—losses in 2022. Soaring inflation combined with an aggressive monetary policy response by the Federal Reserve Board created

Hear Scott talk about areas of the market to watch in 2023, and his expectations for after inflation has cooled. WATCH VIDEO

Scott provides insight on the state of the market.

Ladner: We think there will be a lot of tailwinds for the markets in the back half of next year. WATCH NOW