Join Senior Vice President of Investment Research Andrew Korz and Investment Research Associate Alan Flanigan as they explore what the latest developments in tax reform, trade policy and fiscal policy mean for the U.S. fiscal outlook and economy. They dive into the latest edition of <a href='https://fsinvestments.com/fs-insights/mapping-the-markets-q2-2025/'>Mapping the markets</a> and provide clarity on what it means for investors. <a href='https://fsinvestments.com/fs-insights/mapping-the-markets-q2-2025/'>Mapping the markets: Q2 2025</a> <a href='https://fsinvestments.com/fs-insights/is-private-credit-a-bubble/'>Is private credit a bubble?</a><a href='https://fsinvestments.com/fs-insights/chart-of-the-week-2025-6-6-25-private-credit-performance/'>Private credit: Steady performance through market cycles</a><a target="_blank" href="https://www.buzzsprout.com/twilio/text_messages/1741292/open_sms">Have a question for our experts? Text us for a chance to have your questions answered on the next episode.</a>To watch the video version, go to https://www.youtube.com/@FSInvestments For more research insights go to <a href='https://fsinvestments.com/insights/'>FSInvestments.com</a> <a href='https://bit.ly/m/fsinvestments'>https://bit.ly/m/fsinvestments</a>

Join Senior Vice President of Investment Research Andrew Korz and Investment Research Associate Alan Flanigan as they explore what the latest developments in tax reform, trade policy and fiscal policy mean for the U.S. fiscal outlook and economy. They dive into the latest edition of Mapping the markets and provide clarity on what it means for investors. Mapping the markets: Q2 2025 Is private credit a bubble? Private credit: Steady performance through market cycles Have a question for our experts? Text us for a chance to have your questions answered on the next episode. To watch the video version, go to https://www.youtube.com/@FSInvestments For more research insights go to FSInvestments.com https://bit.ly/m/fsinvestments

Join Senior Vice President of Investment Research Andrew Korz and Investment Research Associate Alan Flanigan as they explore what the latest developments in tax reform, trade policy and fiscal policy mean for the U.S. fiscal outlook and economy. They dive into the latest edition of <a href="https://fsinvestments.com/fs-insights/mapping-the-markets-q2-2025/" rel="noopener noreferrer">Mapping the markets</a> and provide clarity on what it means for investors. <a href="https://fsinvestments.com/fs-insights/mapping-the-markets-q2-2025/" rel="noopener noreferrer">Mapping the markets: Q2 2025</a> <a href="https://fsinvestments.com/fs-insights/is-private-credit-a-bubble/" rel="noopener noreferrer">Is private credit a bubble?</a><a href="https://fsinvestments.com/fs-insights/chart-of-the-week-2025-6-6-25-private-credit-performance/" rel="noopener noreferrer">Private credit: Steady performance through market cycles</a><a href="https://www.buzzsprout.com/twilio/text_messages/1741292/open_sms" rel="noopener noreferrer">Have a question for our experts? Text us for a chance to have your questions answered on the next episode.</a>To watch the video version, go to https://www.youtube.com/@FSInvestments For more research insights go to <a href="https://fsinvestments.com/insights/" rel="noopener noreferrer">FSInvestments.com</a> <a href="https://bit.ly/m/fsinvestments" rel="noopener noreferrer">https://bit.ly/m/fsinvestments</a>

Mapping the markets: Macro Update

FireSide is a podcast series from FS Investments featuring episodes and research on the markets and economy. This information is educational in nature and does not constitute a financial promotion, investment advice or an inducement or incitement to participate in any product, offering or investment. FS Investments is not adopting, making a recommendation for or endorsing any investment strategy or particular security. All views, opinions and positions expressed herein are that of the author and do not necessarily reflect the views, opinions or positions of FS Investments. Interviews, including interviewee responses, are not intended to produce or solicit an endorsement of FS Investments or its products. All opinions are subject to change without notice, and you should always obtain current information and perform due diligence before participating in any investment. FS Investments does not provide legal or tax advice and the information herein should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact any investment result. FS Investments cannot guarantee that the information herein is accurate, complete, or timely. FS Investments makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information.Any projections, forecasts and estimates contained herein are based upon certain assumptions that the author considers reasonable. Projections are necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the projections will not materialize or will vary significantly from actual results. The inclusion of projections herein should not be regarded as a representation or guarantee regarding the reliability, accuracy or completeness of the information contained herein, and neither FS Investments nor the author are under any obligation to update or keep current such information. All investing is subject to risk, including the possible loss of the money you invest.

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FireSide is a podcast series from FS Investments featuring episodes and research on the markets and economy. This information is educational in nature and does not constitute a financial promotion, investment advice or an inducement or incitement to participate in any product, offering or investment. FS Investments is not adopting, making a recommendation for or endorsing any investment strategy or particular security. All views, opinions and positions expressed herein are that of the author and do not necessarily reflect the views, opinions or positions of FS Investments. Interviews, including interviewee responses, are not intended to produce or solicit an endorsement of FS Investments or its products. All opinions are subject to change without notice, and you should always obtain current information and perform due diligence before participating in any investment. FS Investments does not provide legal or tax advice and the information herein should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact any investment result. FS Investments cannot guarantee that the information herein is accurate, complete, or timely. FS Investments makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information.Any projections, forecasts and estimates contained herein are based upon certain assumptions that the author considers reasonable. Projections are necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the projections will not materialize or will vary significantly from actual results. The inclusion of projections herein should not be regarded as a representation or guarantee regarding the reliability, accuracy or completeness of the information contained herein, and neither FS Investments nor the author are under any obligation to update or keep current such information. All investing is subject to risk, including the possible loss of the money you invest.

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Mapping the markets: Macro Update

Mapping the markets: Macro Update

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