Market Signals and Buy-Sell Agreement Importance

This document is a market update that discusses critical market signals as 2025 draws to a close, focusing on the Federal Reserve's monetary policy, corporate earnings, and consumer behavior. It outlines the Fed's cautious easing cycle, projecting a reduction in the federal funds rate to the mid-3% range by year-end 2026, while inflation is expected to remain elevated. The document also emphasizes the potential impact on fixed income allocations and highlights Meta's advertising strategies and AI integration as significant growth drivers. Additionally, it introduces a section on the importance of a well-drafted buy-sell agreement for business owners, detailing its role as a succession tool that protects businesses during unexpected ownership changes. Key components of a robust buy-sell agreement are discussed, including triggering events and valuation methodologies to prevent disputes during ownership transitions.