Episode 113: 2025 in the rearview—are markets in for another strong year?

2025 has been nothing short of extraordinary for the short-term investor. Momentum trading,

trend-following strategies, AI exuberance, and crypto continue to take center stage. But as the

year comes to a close, one question remains: how likely is it that this will continue into the new

year? Like a Facebook relationship status—our guests say it’s complicated.

In this episode of Investments Unplugged, co-chief investment strategists Kevin Headland and

Macan Nia are joined by their cross-border counterparts Emily Roland and Matt Miskin to dig

deep into what’s driving markets as we head into 2026. From earnings growth and valuation

risks to Fed rate cut prospects, our hosts break down some of the key factors shaping markets—

including whether investors can replicate 2025’s strong showing.

Tune in for a candid look at what could move the needle for investors in 2026. This is one

episode you can’t miss!