2025 Halftime Letter

Dear Graham Wealth Management Community,

Below this post, you will find a button to access the 2025 Halftime Letter to our valued members.

The letter offers an overview of key market trends and notable events from the first half of the year. We highlight how these developments have shaped the investment landscape—and what they’ve meant for you as investors.

We’ve also included our outlook for the months ahead, with strategic insights to help you stay informed and confidently positioned moving forward.

Looking ahead, we are excited about the prospects that the remainder of 2025 holds for all of us.

Thank you for your continued trust and partnership.