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 Dear Clients, Partners, and Friends,As we conclude the third quarter of 2025, we find ourselves reflecting on a year that continues to test and reaffirm the value of discipline, perspective, and partnership. Despite the headlines—from persistent geopolitical tensions to ongoing debates around trade and global supply chains - the markets have …

 Attractive Income, but Tight Risk Premia Calls for Thoughtful ApproachKey TakeawaysFed likely to cut at least one more time by year-end as growth cools and political pressure mounts, fueled by jobs concerns.10-year Treasury remains the key transmission mechanism for mortgages, loan rates, and consumer financing; yields are still …

     Macroeconomic forces move slowly, and they do not meaningfully change every quarter or even every year. This is one reason why, as discussed in recent Investment Outlooks, a diversified “stay the course” approach to investing makes a lot of sense. Owning market beta in the form of quality growth stocks (both domestic …

 by John M. FidlerChief Investment Officer | (502) 259-2543 | John.Fidler@syb.comQ2 2025 Review: From “It’s All Over” to “We’re So Back” in 80 DaysThe second quarter featured some of the wildest market volatility in memory but, in the end, most asset prices moved higher during the quarter. If there is one lesson from the past three months, it …

In this quarter's Advisor Spotlight, we're thrilled to introduce you to two new faces and celebrate the remarkable career of a cherished team member. This spring, we welcomed Mike Harris and Matt Frank to the Stock Yards Bank Wealth Management & Trust family as our new Regional Managers. Matt will be serving the Central Kentucky/Lexington …