The Fed, Liquidity, and the Consumer: Three Pillars That Matter Now - 12/1/25

Send us Fan MailIn this episode of Paramount Wealth Perspectives, Chris Coyle and Chief Investment Officer Scott Tremlett break down a surprising week in the markets where equities, bonds, and commodities all rallied at once — but the underlying data told a very different story. Together they unpack the mixed signals in labor markets, the widening gap between headline strength and internal market weakness, and why liquidity remains the defining force behind short-term price action.Chris and Scott dive into consumer behavior following Black Friday, highlighting record online spending paired with slowing credit growth and softer unit demand. They examine the tension between a still-resilient but increasingly stressed consumer, elevated prices, and the slow transmission of rate cuts into the real economy. The discussion also covers upcoming economic data releases, the importance of PCE inflation, and emerging signs of an early-cycle backdrop heading into 2026 — along with the wide range of possible outcomes that investors need to consider.The episode closes with a forward-looking view of growth, earnings, policy shifts, and currency dynamics, and why the next few months will be pivotal in determining whether markets build on recent strength or face another round of volatility.Stay informed. Stay ahead. And join us for a clear, grounded look at the forces shaping the global economy.