So long as predictions remain popular, and are so numerous as they are today – and so long as they receive notoriety through repetition in the press and on the radio – contrary opinions will increase in importance as thinking aids. “
January 12, 2026
Both the equity and bond markets delivered solid gains in 2025, marking three consecutive years of positive gains.
2025 was marked by heightened anxiety throughout the year. However, that anxiety proved mostly unwarranted as markets around the globe saw steady gains after the first quarter. The most significant change from one year...