A Banner Year for Diversified Portfolios

Global markets closed 2025 on strong footing, capping a very profitable year for resilient investors. Despite a dramatic 19% decline in the S&P 500 Index earlier in the year following tariff announcements and persistent concerns around inflation, interest rates, and geopolitics, risk assets managed to deliver significant broad-based gains and rewarded disciplined investors who stayed the course through the noise.

Read the full newsletter from Cardinal Point Capital Management’s CIO, Matt Carvalho, here.