December 2025

U.S. equities were mixed. Growth stocks came under pressure, dragging down the Nasdaq Composite and S&P 500. Conversely, as investors sought value opportunities, the Dow Jones Industrial Average and the small-cap Russell 2000 rallied. After last week’s Federal Open Market Committee (FOMC) meeting, interest rates were reduced 25 basis points (bps), as expected. Quick Hits […]

Led by the Nasdaq Composite and the small-cap Russell 2000, U.S. equities rallied again last week. Treasuries were weaker as stronger economic data had investors questioning the pace of Federal Reserve (Fed) easing in 2026. Service sector confidence, personal income and spending, and consumer confidence exceeded expectations, indicating the economy remains on solid footing. Quick