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
Market Commentary U.S. stocks had a volatile November as markets adjusted to the end of the longest government shutdown in U.S. history. Stocks initially declined,
Market Commentary U.S. stocks extended their gains in October, supported by easing trade tensions between the U.S. and China. A reduction in tariffs between the
US stocks continued their rally in August, posting gains for the fourth consecutive month with small cap companies leading the way. Earnings reports continued to
US stocks rallied for a third consecutive month as continual progress on global trade agreements and resilient economic data fueled investor confidence during the month.
The US stock market rebounded exceptionally over the second quarter, erasing the losses from the “Liberation Day” tariff announcement that sent stocks tumbling in early
US stocks rallied over the course of the month, posting their strongest monthly gain in two years. Easing trade tensions and progress on de-escalating tariffs
In April, market volatility spiked as US stocks sharply pulled back in the wake of the administration’s “Liberation Day” tariff announcement to begin the month.
US stocks declined in March as the administration levied significant tariffs on many of the countries’ largest trading partners. The lack of clarity around the
February brought a flurry of activity and headlines for markets to digest, leading to a choppy month that saw US stocks rally to begin the