Keep pulling the thread on Kate Moore.
Kate Moore is deeply worried about the U.S. economy's trajectory over the summer of 2025 and into the beginning of 2026 due to the impact of tariffs.
Kate Moore expects U.S. economic growth to slow to sub-2% or sub-1.5% in the second half of 2025.
Kate Moore argues that sectoral tariffs, such as those on semiconductors and pharmaceuticals, are more persistent and have a greater potential economic impact than broad, bilateral tariffs between countries.
Kate Moore is the Chief Investment Officer of Citi Wealth, which manages approximately one trillion dollars in assets.
Kate Moore joined Citi Wealth because she identified the wealth management sector as a consistent growth area, in contrast to the traditional mutual fund business.
As of the end of 2024, Citi Wealth managed approximately $1 trillion in total assets, with close to $600 billion in investments.
Approximately 50% of Citi Wealth's business is located outside of the United States.
Kate Moore does not believe in "de-globalization," arguing that while the U.S. and China will continue to separate, relationships with other trading partners will deepen, leading to a "re-globalization."
Kate Moore believes corporate spending on security software is an existential necessity, making it a core, long-term secular investment theme.
Kate Moore argues that relying on mean-reversion valuation metrics like the Shiller CAPE ratio would have caused investors to miss most of the equity market gains since 1990.
Kate Moore believes AI tools make her a significantly more informed and faster investor by enabling real-time access to competitor data and analysis during meetings.
The Richmond Fed's CFO survey has shown a significant decoupling between CFOs' positive expectations for their own companies and their negative expectations for the broader U.S. economy.