October 2025 Market Commentary: Staying the Course Amid Market Crosswinds

In this month’s Market Commentary, Brad Gotto, Founder & CEO of Fiat Wealth Management, sits down with Tim Holland, Chief Investment Officer of TownSquare Orion, to unpack what’s happening across markets as we head into year-end. Together, they discuss inflation trends, interest rates, and investor sentiment — and how clarity and patience remain the best tools for long-term success.

A Story About Driving — and Discipline

The conversation opens with a lighthearted story about Brad’s son preparing to get his driver’s license — a reminder that confidence takes time and practice. Brad compares it to investing: “Whether it’s driving or investing, a little patience and discipline go a long way. The goal isn’t to get there faster — it’s to arrive safely and confidently.”

That theme of patience sets the tone for the discussion ahead: staying focused on the road, even when conditions shift.

A Market Balancing Act

Tim notes that markets have shown resilience despite uncertainty. Inflation is easing, but the Fed remains cautious. Investors are watching closely for signs of when interest rate cuts might come.

Large-cap growth stocks have led much of 2025’s momentum, but Tim points to opportunity in cyclical and small-cap sectors that have lagged. “It’s still a story of balance,” he explains — between progress and patience, optimism and discipline.

Putting Volatility in Context

Brad brings the conversation back to the client perspective: headlines and market swings can feel unsettling, but they don’t define your plan.

“Every month the data shifts,” he says, “but that doesn’t mean your strategy should. A good plan is proactive, adaptable, and designed to weather seasons like this.”

For clients nearing or in retirement, that means keeping portfolios diversified and income streams steady through market cycles.

‍