We’re back for 2026 with a straight-up look at what really drove markets in 2025—and what actually matters now. We recap last year’s strong returns, revisit the 2022 bear market and rapid Fed hikes, and explain why that backdrop still matters today.

Then we shift to our 2026 outlook, touching on AI and jobs, gold’s recent run, the gap between solid economic data and shaky investor sentiment, and what history tells us as a bull market moves past year three.

Listener challenge: Send us your S&P 500 year-end 2026 prediction by February 15—the closest guess wins an Iron Gate prize.

Here's to wise investing,

Iron Gate Global Advisors