Please read our important disclosures below.
In this Q4 edition of our Market Outlook, Newport Capital Group’s Senior Vice President of Investments, Rob Milmore, CFA, reviews 2025 market performance, updates on inflation and Federal Reserve policy and what we’re watching as we head into 2026.
Global equity markets ended 2025 at or near record highs, even with ongoing trade policy concerns and valuation pressure in parts of the U.S. market. International stocks led the year, supported in part by a weaker U.S. dollar. Fixed income also finished positive, as the Fed delivered three rate cuts in 2025 and yields moved lower across the curve.
Rob covers:
- Key drivers behind Q4 and full-year 2025 equity and bond market performance
- Economic and inflation trends influencing the Fed’s next moves
- How Newport is thinking about diversification across regions, market caps and fixed income generation going into 2026
Watch the video for Rob’s take on the quarter, and read the full 2025 Q4 Market Commentary for Newport’s market data and portfolio view.
Disclosures
The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. In addition, information presented in this presentation is believed to be factual and up to date, but Newport Capital Group, LLC does not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed.
This presentation includes forward-looking statements and opinions, including descriptions of anticipated market changes and expectations of future activity. Forward-looking statements and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. In addition, all expressions of opinion are subject to change without notice in reaction to shifting market conditions. Therefore, undue reliance should not be placed on such forward-looking statements and opinions.
Historical performance results for investment indices are provided for general educational purposes only. Indexes are unmanaged, do not incur fees or expenses (which decrease historical performance returns), and cannot be invested in directly. Therefore, it should not be assumed that future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended by Newport Capital Group, LLC) or product will be profitable or equal the corresponding indicated performance level(s).
Investing involves risk including a total loss of the principal amount invested. In addition, diversification strategies do not ensure a profit and do not protect against losses in declining markets.
Past performance is not indicative of future returns.