Buy QQQ by Jan 1, 2027.

The end of 2025 saw another strong year for US equities. Large cap and growth again led the way, with the Nasdaq 100 (+21.24% vs. +17.88% for S&P 500) again the winner among the benchmark indices. However, this year saw significant outperformance in both international developed (+31.85%) and emerging (+33.57%) markets. Precious metals such as gold (+64.33%) and silver (+145.88%) saw explosive returns not seen since 1979. Not all risk assets performed strongly, as despite considerable tailwinds to start the …