4th Quarter 2025 Market and Economic Review
Markets navigated a complex environment in Q4. The quarter started with a government shutdown, which lasted 43 days and delayed key economic data releases.
Reflecting on 2025
Some years pass quickly. This one felt fuller than most, with more uncertainty, more headlines, and more emotional pull than usual.
Weekly Market Recap | Dec. 19, 2025
Markets spent the week adjusting to signs of slower but still stable economic growth alongside easing inflation pressures.
Chart of the Month | Small-Cap Stocks Finally Break Through to New Highs
Small-cap stocks bring diversification at a time when the S&P 500 is highly concentrated in a few mega-cap tech names.
Weekly Market Recap | Dec. 12, 2025
Markets traded higher this week as the Federal Reserve delivered its third consecutive rate cut and investors leaned into the idea of a soft economic landing.
2026 Outlook: 7 Key Themes for Long-Term Investors
Get insights into the 2026 outlook: 7 key themes for long-term investors amid a strong stock market performance and growth.
Bond Markets Are Quietly Pulling Their Weight in 2025
Stocks may dominate the headlines, but bonds are doing their part in 2025.
Monthly Market Update: Markets Digest the Path of Interest Rates & the Next Phase of the AI Cycle
In November, there was a noticeable shift in investor sentiment toward AI stocks, moving from broad enthusiasm to increased scrutiny and selectivity.
Why Investors Can Be Thankful in 2025
The year 2025 has been a good one for investors, and there is much to be thankful for.
Weekly Market Recap | Nov. 21, 2025
Markets endured a volatile week as AI valuation concerns and Fed policy uncertainty pressured equities.
Chart of the Month | S&P 500 Sets More Than 35 New Highs for Second Consecutive Year
The stock market is having another record-setting year. The chart below shows the S&P 500 has set 36 new highs since the start of the year.
Last Week on Wall Street: The Government Resumes Business [Nov. 17-2025]
Stocks ended mixed after a nail-biting week for investors, who grew anxious over megacap tech valuations and interest rates as the government shutdown came to an end.
Credit Concerns and “Cockroaches”
Since 2008, significant lending activity has shifted to “non-depository financial institutions” (NDFIs) such as private credit funds, mortgage companies, insurance companies, online lenders, and more.
Last Week on Wall Street: Tough Week for Tech Stocks [Nov. 10-2025]
Stocks hit a rough patch last week as fresh labor market data, low consumer sentiment, and the ongoing government shutdown unnerved investors.
Monthly Market Update: Stocks Hit New Highs as Market Navigates Shutdown, Fed Policy, & AI Spending
Stocks hit new highs as the market navigates shutdowns and Fed policy changes. Learn about this month’s market dynamics.
