Monthly Market Insights, June 2025

The past month has seen no respite from global tensions, with ongoing trade policy uncertainty and a brief but intense conflict between the US and Iran keeping markets on edge. Despite these headwinds, equity markets have proven resilient, and the potential for a longer-term impact on the US economy and markets remains unclear.

Markets bounced back in May, with U.S. equities ending a three-month losing streak and the Magnificent 7 delivering their best monthly gains in two years. U.S. equities have rebounded from the recent selloff, pushing the S&P 500 back into positive territory with a 1.1% gain on the year. After a string of stellar months, international equities have outperformed U.S. equities year-over-year, boosted by a weaker dollar. In fixed income, corporates outpaced Treasuries as spreads narrowed, and short duration performed well despite a sharp 30 basis point rise in the 2-year Treasury yield. Meanwhile, focus shifted from tariffs to fiscal concerns, as President Trump’s “One Big Beautiful Bill” stoked debate over national debt, driving inflation expectations, interest rates, and U.S. dollar volatility higher.

In this webinar replay, Scott Weaver, JD, Chief Fiduciary Officer of Pathstone, leads a discussion with Nicholas Heuer, JD, LLM, a partner at international law firm Katten, and Steve Sokić, Chairman of Jersey-based Crestbridge Family Office Services. Together they offer complementary perspectives on what to know before deploying capital abroad:

• Legal system of the foreign jurisdiction
• Local rights and duties accompanying asset ownership
• System and rate of taxation
• Regulatory and administrative requirements
• Impact on U.S. legal, tax, or regulatory filings

Whether you’re thinking about acquiring assets, forming entities, making gifts, or establishing residency or citizenship abroad, this dialogue will offer critical insights and case studies to help inform your planning. For more background, read our recent article on this topic.