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.

Markets weathered tariff jitters to finish the first half up, led by international and emerging markets.