January 2026 Market Update

2025 closed out as a year of remarkable resilience. The economy delivered a soft landing with Q3 GDP growth accelerating to 4.3%, the S&P 500 climbed roughly 17% for its third straight year of double-digit gains, and the Bloomberg US Aggregate Bond Index returned about 7% as fixed income reclaimed its role as a portfolio stabilizer.

Beneath the headline numbers, the story was rotation. Only two of the Magnificent 7 outperformed the S&P 500, market breadth widened meaningfully, and December brought a classic value-over-growth shift as investors rebalanced into financials, materials, and industrials.

Our January 2026 Market & Economic Review breaks down every sector's performance, the state of the labor market and inflation, and the three key takeaways from our Centralized Investment Committee heading into 2026.

Read the full report below.

The commentary, data, and visuals provided are not intended to be investment advice. Please seek the advice of an independent financial advisor for your personal financial decisions.