The Fall Investment Outlook

The final third of 2025 is off to a troubling start. Stocks are sliding, bond yields are rising, gold is soaring, and questions are swirling about the future of President Trump's tariff strategy and the makeup of the Federal Reserve. Barron's Senior Managing Editors Lauren Rublin and Ben Levisohn discuss the investment forecast and stocks in the news. Learn more about your ad choices. Visit megaphone.fm/adchoices

The current bull market has favored the largest of large-cap stocks. Yet, plenty of smaller companies are growing nicely, beating estimates, and shining on Main Street, even if Wall Street has overlooked their success. Barron's Senior Managing Editor Lauren Rublin and Deputy Editor Ben Levisohn speak with Greg Tuorto, a portfolio manager at Goldman Sachs Asset Management and head of the firm's US Small and SMID (small- and mid-cap) team, about the prospects for small-caps, and some of the best bargains in the sector. Learn more about your ad choices. Visit megaphone.fm/adchoices

Barron's Senior Economics Writer Megan Leonhardt talks with David Wessel, director of the Hutchins Center on Fiscal & Monetary Policy at the Brookings Institution, about what investors can expect from this week's annual gathering at Jackson Hole, the likely path of rate policy in the coming months, the signals he sees in the latest nomination to the Board, and what's ahead for the central bank as Chair Jerome Powell readies to give up the reins. Learn more about your ad choices. Visit megaphone.fm/adchoices

Second-quarter earnings reports confirmed that Big Tech is getting even bigger, and spending even more on AI. Barron's Senior Writer Tae Kim and Andrew Freedman, communications and software analyst at Hedgeye, unpack the implications for companies such as Alphabet, Meta, Nvidia, and Figma, in a conversation with Barron's Senior Managing Editor Lauren Rublin. Learn how AI is growing and transforming even non-tech businesses, and how investors can profit from the changes ahead. Learn more about your ad choices. Visit megaphone.fm/adchoices

August is a big month for Warren Buffett and Berkshire Hathaway, the company he leads. Berkshire reports quarterly earnings on Aug. 2, and Buffett turns 95 on Aug. 30. Barron's Associate Editor Andrew Bary has covered Buffett and Berkshire for decades, and will discuss the company's earnings and outlook with Senior Managing Editor Lauren R. Rublin and Deputy Editor Ben Levisohn. He will also share updates on other companies he follows, and his favorite income ideas. Learn more about your ad choices. Visit megaphone.fm/adchoices

There's a lot to keep track of on Wall Street this summer, from the Fed's July 29-30 policy meeting to the Aug. 1 tariff deadline to new highs for stocks and gold -- and few observers keep track like economist Ed Yardeni. From his daily (and nightly) reports and webcasts to his regular reading lists, Yardeni draws a bead on just about everything that matters, or should matter, to investors. Barron's Senior Managing Editor Lauren R. Rublin and Deputy Editor Ben Levisohn speak with Yardeni, president of Yardeni Research, about the economic and interest-rate outlook, the financial markets, and his favorite investments. Learn more about your ad choices. Visit megaphone.fm/adchoices

These are strange days on Wall Street. Stocks are expensive, bond yields are elevated, Bitcoin is soaring, and the president periodically muses about firing the head of the Fed. How can investors focus on finding good values and tuning out the noise? Join Barron's Senior Managing Editor Lauren R. Rublin and Deputy Editor Ben Levisohn in a conversation with Jack Ablin, chief investment officer and founding partner of Cresset, a $65-billion-in-assets wealth manager and multifamily office. Learn more about your ad choices. Visit megaphone.fm/adchoices

Todd Ahlsten, chief investment officer of Parnassus Investments and lead manager of Parnassus Core Equity Investor Fund (PRBLX), has been a member of the Barron's Roundtable since 2019. In this year's Midyear Roundtable, to be published July 11, Todd pounds the table for "Great American Companies" with durable franchises and wide-moat businesses. Barron's Senior Managing Editor Lauren R. Rublin and Deputy Editor Ben Levisohn speak with Todd about his investment approach, economic outlook, and favorite stocks. Learn more about your ad choices. Visit megaphone.fm/adchoices

Richard Bernstein, CEO and CIO of Richard Bernstein Advisors, calls this the most speculative investment climate he has ever seen in his lengthy career. The good news? As investors chase overpriced assets with negligible value, many neglected stocks are high-quality, dirt-cheap, and poised to soar. In other words, as Bernstein says, a lot of Maseratis are priced like Fords. Learn more about your ad choices. Visit megaphone.fm/adchoices

Where do markets head from here? Barron's Senior Managing Editor Lauren Rublin and Deputy Editor Ben Levisohn size up the outlook for stocks, bonds, energy, gold, and more. We welcome your questions. Learn more about your ad choices. Visit megaphone.fm/adchoices