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Market Impact: 0.15

January 2026 Market Commentary

Market Technicals & FlowsInvestor Sentiment & PositioningEconomic Data

Most major asset classes posted positive returns in 2025, and most broad asset classes finished the year with a strong fourth quarter. Broad, cross-asset strength signals sustained risk-on positioning and favorable market breadth—supportive of pro-risk allocations (equities/credit) and reducing near-term impetus for defensive rebalancing.

Analysis

Most major asset classes posted positive returns in 2025, and most broad asset classes finished the year with a strong fourth quarter. Broad, cross-asset strength signals sustained risk-on positioning and favorable market breadth—supportive of pro-risk allocations (equities/credit) and reducing near-term impetus for defensive rebalancing.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.40