Insights

A volatile first half gave way to fresh market highs, against a backdrop of persistent inflation and geopolitical tensions.

Geopolitical tensions rattled markets in a volatile quarter, as trends shifted quickly.

Geopolitical tensions can unsettle markets; history offers perspective.

Stocks closed the year with double-digit gains as the Fed eased, led by international and emerging markets.

Stocks notched fresh highs as the Fed eased, led by small caps and emerging markets.

A year-end guide to OBBBA’s impact on your tax return for 2025 and beyond.