Bull markets are never linear, says Franklin Templeton CEO

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Franklin Templeton 7.8
Asset Manager $1300.00B
Jenny Johnson 9.0

Bull markets are never linear, says Franklin Templeton CEO

metals

Gold has always been viewed as a hedge to inflation; recent strong rally in gold supports concerns about inflation and robust economy. Rising gold prices reflect investor anxiety about inflation and deficits, consistent with a strong economic backdrop.

ndx

The Nasdaq is up like 17 percent. It's been a great year. Not surprising to see up moves despite some volatility. Bull markets are not linear; early stages of AI investment imply positive medium to long-term growth but short-term corrections exist.

9/17/2025 3:24:54 PM	medium term up	20 days later	+2.79%	+2.79%

We're going to start with the Fed, the reaction to it, Franklin Temple, to see you, Jenny Johnson, is with us live here at Kaseys Nice to see you.

Host
Jenny Johnson

I'm pretty bullish on the market given the strong economy, despite recent volatility and noise from tariffs or other issues. The S&P is up 12.5% year to date, Nasdaq up 17%. We are likely early in the AI investment cycle which will improve companies over time. Bull markets are not linear.
What do you make of the run in gold?

Host
Jenny Johnson

Gold's rise signals concerns about inflation and deficits. Gold remains a hedge to inflation, and the economy is still robust.

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