Lessons to be learned, caution to be taken, optimism to be had.

Reflecting on 2025, LVZ breaks down the year’s defining market themes, from valuations and tariff shocks to inflation, Fed policy, and AI investment, while reinforcing a disciplined, plan-first approach over prediction. Looking ahead to 2026, we share what we’re watching and why the “intangibles” still matter most in financial planning.

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