This is the audio from January 2026’s Making Sense Market update. Each month, our team takes a deep dive into markets and the economy.

Link to access the video and charts: https://www.firstcitizens.com/wealth/market-outlook/2026/making-sense-january-market-update

In this month's market update, Chief Investment Officer, Brent Ciliano, and Senior Director of Market and Economic Research, Phillip Neuhart, discussed inflation trends, the slowing labor market, and a richly valued equity market.