“Change is the law of life. And those who look only to the past or present are sure to miss the future.”
– John F. Kennedy

The Through Line: In 2025, we saw a swarm of trends, concerns and surprises – many of which will follow us into the new year. Some of the themes rhymed with prior periods, while others permanently bent the arc of specific trajectories. Investors may feel overwhelmed trying to make sense of the moving parts and the changes they bring. Breaking it down to the basic ABCs can help.

To read the full report, click here.

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