After a year of broad-based gains, many investors feel both upbeat and uncertain looking toward 2026.
Equities extended their bull run in 2025, but valuations remain historically stretched amid a sharp dispersion of returns across sectors. Cash offered both safety and income for a while, but it no longer seems attractive as the Federal Reserve cuts interest rates. And the U.S. economy appears resilient, yet a K-shaped split shows prosperity for wealthier households diverging from mounting strain for others.
Adviser Intelligence Tool
Search Panacea’s library of insight, technical commentary and adviser resources to quickly find guidance on client and regulatory questions.