Q2 2025 Outlook: In the Middle of the 3% Reckoning

As we move through the middle of a fiscal reckoning in the U.

S. , investors face a shifting macro environment shaped by spending cuts, tariffs and recessionary pressures.

In his latest quarterly outlook, Jan van Eck discusses where we are in the cycle, what markets may still be underestimating, and where he’s seeing both risk and.