
December 2025 Market Commentary & Outlook
Market Commentary U.S. stocks were largely flat in December as investor sentiment remained cautious. Economic data reinforced expectations for a more accommodative policy environment from
The latest thoughts on investment strategy and the markets, plus tools and templates from Raffa’s portfolio management team to empower nonprofits and associations to make better informed investment decisions.

Market Commentary U.S. stocks were largely flat in December as investor sentiment remained cautious. Economic data reinforced expectations for a more accommodative policy environment from