Each year creates its own signature set of market stories. In 2025, those stories included unusually concentrated leadership, an acceleration in AI related capital spending, renewed relative strength outside the U.S., shifting inflation perceptions, and policy headlines that tested investor discipline. Markets also continued to evolve around rates, real assets, and digital assets.
Charts That Defined 2025 is our attempt to capture those themes in a straightforward, visual format for individual investors and families. Each chart is paired with a clear takeaway designed to support better decisions over time, including staying diversified, sizing exposures thoughtfully, and avoiding major portfolio changes in the middle of volatility.
Download the chart book below to view the full set of charts and commentary.
Disclosure: For informational purposes only. This material does not constitute investment advice or a recommendation. All investing involves risk, including possible loss of principal. Past performance is not indicative of future results. Views are as of the date indicated and are subject to change. Please see the PDF for full disclosures and data source notes.
