Focused Research
Total Return Review – A Look Back at 2025
January 2, 2026
While most major asset classes enjoyed positive returns in 2025, stocks have been on a tear for three years now.
While most major asset classes enjoyed positive returns in 2025, stocks have been on a tear for three years now.
Commentary & analysis of selected stories on January 2, 2026
A long-term look at interest rates
A long-term look at the Geopolitical Risk Index
A long-term look at the inflation-adjusted S&P 500
A long-term look at the Shiller Real Home Price Index
A long-term look at global temperature anomalies
A long-term look at crude production & prices
A long-term look at unions in the United States
A long-term look at government debt & deficits
Commentary & analysis of selected stories on December 31, 2025
Commentary & analysis of selected stories on December 30, 2025