Everyone’s Bullish on 2026 - That’s the Problem!
Tom recaps the final week of 2025, with the market failing to deliver its typical Santa Claus rally despite strong gains earlier in the year. He walks through why weakness during a historically bullish seasonal window can be an important warning sign, especially as sentiment indicators point to growing investor complacency. From there, Tom explains how technology lost momentum late in the year, why health care was the only sector to consistently lead, and how the market’s behavior between late October and mid-January has historically played a key role in shaping the following year. As expectations for 2026 remain elevated, Tom outlines why caution, not complacency, may be warranted.
This video originally premiered on December 31, 2025. Watch it on Tom's StockCharts TV page here.
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