In 2025, market volatility impacted investors due to tariffs and tech disruptions. Despite the turbulence, the US stock market showed strong performance. Morningstar’s Dan Lefkovitz analyzed the year’s investment trends and discussed what to watch in 2026.

Wall Street forecasts for 2025 were adjusted due to trade tensions, leading to unexpected investment performance. Market volatility fluctuated throughout the year, with investors seeking safety during downturns. Leaders and laggards in investments changed, driven by various factors and market conditions.

Lessons from 2025 include the importance of adaptable market leadership, valuation impact on international stocks, and benefits of diversification. AI played a significant role in market volatility this year, along with external factors like tax laws, government shutdowns, and Federal Reserve decisions.

For more insights on market trends, Morningstar experts discuss interest rate forecasts for 2026 and the unique division within the Federal Reserve. Berkshire Hathaway stocks were mentioned in the episode, highlighting the importance of diversified investments.

Read more at Morningstar: Where to Invest in 2026 After This Year’s Market Volatility