Market Commentary
The first nine months of 2025 have been a rollercoaster for US equities, marked by early-year tariff-induced volatility and a sharp spring drawdown. Remember the violent sell-off to the April lows? The 3rd quarter saw markets resume the march to numerous all-time-highs with broader participation pushing YTD gains into double digits for major indices, up around 35% since those April lows! A robust recovery driven by resilient corporate earnings, Federal Reserve rate cuts, and renewed AI optimism drove growth stocks while large-caps dominated, and market breadth improved as even the out of favor small caps have started to join the rally with future FOMC rate cuts getting priced in. For the quarter, the S&P 500 rallied 8.1% while small caps, represented by the Russell 2000, rallied 12.4%. Alternative investment, Bitcoin, rallied 6.3% and gold rallied 16.8% as it neared $4,000 per ounce. The U.S. aggregate bond index trailed with a return of 2.1%. Strength often begets more strength which is favorable for markets moving into an historically bullish period of the year.
Advice Corner
Dig into our 3rd Quarter Insights and learn about bonds and fixed income market options, why you should choose a fiduciary, how to ensure your family business thrives, separating signal from noise, estate planning and reading the markets.
- A Breakdown of Bonds & Fixed Income Market Options – You’re probably familiar with bonds, which aren’t necessarily used to build wealth but more to protect it. Here, we take a closer look at the most common fixed-income market options, benefits, and risks.
- What is a Fiduciary & Why Should You Choose One – A fiduciary is an individual who is ethically bound to act in another person’s best interest. Why would you ever work with someone who is not a fiduciary? Learn the difference between fiduciary and suitability standards in this article.
- Grow, Transition, or Sell: How to Ensure Your Family Business Thrives – Many family business owners overlook essential planning that could shape their futures. Waiting to address the next phase of your business could force you to make a choice different from your desires. Review some points to consider by following the link.
- Separating Signal from Noise – A Smarter Way to Invest – In an age of endless headlines, market alerts, and social media chatter, investors are flooded with information, but not all information is created equal. At Carlson, we help clients focus on what actually matters.
- A Practical Estate Planning Checklist for Peace of Mind – Estate planning is one of the most meaningful ways to care for your loved ones. A thoughtful plan can reduce confusion, avoid delays, and bring clarity at a time when your family will need it most. Following the steps outlined in our article can help ensure your intentions are clearly documented and easy to follow.
- Reading the Markets-Why Expectations, Trends and Contrarian Thinking Matter – Understanding the forces behind market movements isn’t about predicting the future perfectly. It’s about recognizing where momentum is building and knowing when to lean in or hold steady. Learn how Carlson helps clients prepare for short-term volatility and long-term trends.
For more information, contact the Carlson Team today!
Carlson Investments does not provide tax, legal, or accounting advice. This content has been written for informational purposes only. Always consult your individual tax, legal, or financial professionals for advice tailored to your situation.
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