Steadfast in Strategy, United in Purpose

Dear Clients, Partners, and Friends,

As we reflect on the second quarter of 2025, we are reminded of the unpredictable nature of markets—and of the power of preparation and perspective. After a volatile start to the year driven by global uncertainty and the unexpected announcement of 'Liberation Day' tariffs, we’ve witnessed a significant rebound. Markets have surged from their lows, recovering by 15–20% as investor sentiment shifted and policy direction began to clarify. These gains serve as a powerful testament to the importance of remaining steady and strategic in the face of disruption.

At Stock Yards Bank Wealth Management & Trust, we’ve long advocated for disciplined investment strategies anchored in long-term objectives. While market fluctuations can be unsettling, they also create moments of opportunity for those with the patience and preparation to seize them. The recent market rebound reflects not only policy adjustments and easing fears over trade—but also the resilience of the underlying economy and the strength of investor resolve.

We want to take this opportunity to express our sincere gratitude. Your continued trust and engagement allow us to do what we do best: guide you through complexity with clarity and confidence. These past months have underscored the value of partnership, and we are proud to walk this journey with you. With the passage of the Better Business and Budget (BBB) Act and emerging clarity around trade and tariff frameworks, we now have a stronger foundation to build upon—and a clearer path forward for thoughtful financial planning.

This issue features key contributions from across our team to help illuminate that path. Our Chief Investment Officer, John Fidler, delivers a timely economic and market outlook that highlights themes shaping second-half investment strategy. Jason Hamilton, our Manager of Financial Planning, provides practical guidance on income tax planning and long-term financial strategy in light of this new policy landscape.

In addition, we’re excited to spotlight the continued growth of our team, including new advisors who have joined our Indianapolis and Lexington markets. Their addition reflects our commitment to expanding access to personalized, relationship-driven wealth advice rooted in local communities.

Looking ahead, we remain optimistic. The terrain may be uneven, but with each step, greater clarity emerges. Now is an excellent time for reflection and re-engagement with your financial goals. Whether it’s refining your estate plan, adjusting allocations, or simply reaffirming your strategy, we are here to support you.

Thank you for your continued confidence in Stock Yards Bank Wealth Management & Trust. Together, we will move forward with optimism, humility, and strength.

Enjoy the rest of your summer,

Shannon B. Budnick, CTFA, CFP®
Director of Wealth Management and Trust
 

We provide the information in this newsletter for general guidance only. It does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, investment, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, expressed or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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