[{"data":1,"prerenderedAt":70},["ShallowReactive",2],{"insight-check-ins/december-2025":3,"checkin-check-ins/december-2025":4},null,{"id":5,"title":6,"body":7,"cartoon_image":60,"date":61,"description":54,"extension":62,"meta":63,"navigation":64,"path":65,"seo":66,"stem":67,"subtitle":68,"__hash__":69},"checkIns/check-ins/december-2025.md","December 2025 Market Check-In",{"type":8,"value":9,"toc":53},"minimark",[10,15,20,24,27,31,34,37,41,44,47],[11,12,14],"h1",{"id":13},"december-2025-market-check-in-year-end-reflections","December 2025 Market Check-In: Year End Reflections",[16,17,19],"h2",{"id":18},"market-overview","Market Overview",[21,22,23],"p",{},"December brought a fitting close to a strong year for equity markets. The S&P 500 finished 2025 with impressive gains, marking back-to-back years of above-average returns. Small-cap stocks, after lagging for much of the year, showed signs of life in the final quarter.",[21,25,26],{},"The Federal Reserve delivered its final rate decision of the year with no surprises, and bond markets ended the year on a stable note. Credit markets remained healthy, with corporate bond spreads at historically tight levels.",[16,28,30],{"id":29},"portfolio-impact","Portfolio Impact",[21,32,33],{},"2025 rewarded patient, diversified investors. While concentration in mega-cap technology stocks dominated the headlines, balanced portfolios with exposure to fixed income, international markets, and alternative investments also delivered solid risk-adjusted returns.",[21,35,36],{},"Tax-loss harvesting activity in Q3 and Q4 created meaningful value for taxable accounts, offsetting gains and improving after-tax outcomes.",[16,38,40],{"id":39},"looking-ahead","Looking Ahead",[21,42,43],{},"As we enter 2026, we are cautiously optimistic. Valuations in some segments of the market are stretched, but earnings growth remains supportive. We will continue to focus on what we can control: asset allocation, tax management, and keeping your plan on track.",[21,45,46],{},"Thank you for your trust throughout 2025. We look forward to the year ahead.",[21,48,49],{},[50,51,52],"em",{},"This commentary is for informational purposes only and does not constitute investment advice.",{"title":54,"searchDepth":55,"depth":55,"links":56},"",2,[57,58,59],{"id":18,"depth":55,"text":19},{"id":29,"depth":55,"text":30},{"id":39,"depth":55,"text":40},"/images/insights/checkincartoondec2025.jpg","2025-12-31","md",{},true,"/check-ins/december-2025",{"title":6,"description":54},"check-ins/december-2025","Year End Reflections","IyRLbsmsqve-SaRcfWZoPjg74CO5ZNEWSUGCFWcoTc4",1776569583739]