Key Capital Annual Market Outlook - 2025

Key Capital's ‘Annual Market Outlook’ event was held on January 29th, and was presented by Ian Kilcullen, Managing Director of Key Capital Private.

The event allows us to reflect on the past year and give our clients a sense of how we interpret market movements. It's also an opportunity to look forward to the year ahead and understand how the portfolios we construct on behalf of our clients are likely to perform and some of the issues and concerns we have in the marketplace.

The event covered a broad range of topics including:

1. The AI Technology Stack and the surge in AI-related capital expenditure despite unclear revenue potential.

2. The current strength of the US equity market and the fiscal support driving economic resilience.

3. The recent movement in the US 10-year yield and how it compares to past rate-cutting cycles.

4. A comparison between today’s market excesses and the late 1990s.

• Download the full Key Capital Market Outlook 2025 presentation pdf below. You will find links to the video presentation and highlight reels on page 4 of the pdf document.

MARKETING MATERIAL.

Key Capital Private Limited is regulated by the Central Bank of Ireland.