Happy New Year! The fourth quarter of 2025 capped off a strong year for investors, rounding out a period in which virtually every major asset class delivered positive returns. Equity markets continued to advance during the quarter, supported by resilient corporate earnings and a shift...

The final quarter of 2024 was nothing if not eventful. (What else is new?) The Federal Reserve lowered interest rates, providing further relief to borrowers and markets alike. The U.S. election captivated national attention and has sparked uncertainty about the year ahead. Stocks failed to...