The U.S. stock market has experienced an impressive run, with the S&P 500 posting gains that bring its three-year advance to over 80%. While this performance has boosted many portfolios, history suggests that such extended periods of rapid growth often lead to a long sideways trading range. As we wrap up 2025 and look toward 2026, we believe now is a smart time to review portfolios. Consider strategies like hedging or diversifying to help lock in those recent gains and re-positioning portfolios for a different environment ahead.
