This week on Wall Street Week, we will delve into a week defined by significant volatility and shortened trading days due to the holiday schedule. Despite a cautious downward trend in the final week of December, major stock indices posted strong annual returns.

The GICS has pivoted away from overvalued technology stocks and is increasingly focused on energy and industrial sectors. In the commodity market, crude oil prices have declined sharply amid oversupply, while precious metals and Treasury yields have been somewhat unpredictable.

Looking ahead, key economic events are on the horizon, including labor market reports and corporate earnings announcements, which are set to shape Wall Street's outlook as we transition into the new year.

|--------------| 12/29 M - | 12/30 T - | 12/31 W - | 1/01 T - | 1/02 F - |

|--------------|-----------|-----------|-----------|-----------|-----------|

| S&P | 6,905.74 | 6,896.24 | 6,845.50 | Closed | 6,858.47 |

| Nasdaq | 23,474.35 | 23,419.08 | 23,241.99 | Closed | 23,235.63 |

| DJI | 48,461.93 | 48,367.06 | 48,063.29 | Closed | 48,382.39 |

| VIX | 14.20 | 14.33 | 14.95 | Closed | 14.51 |

| 2-yr T Bond % | 3.465 | 3.454 | 3.469 | 3.475 | 3.477 |

| 10-yr T Bond % | 4.116 | 4.128 | 4.153 | 4.175 | 4.189 |

|--------------|-----------|-----------|-----------|-----------|-----------|

| BCOMENTR | 65.6431 | 65.6065 | 63.8445 | Closed | 63.1075 |

| SPGSPM | 5,820.50 | 5,941.79 | 5,818.89 | Closed | 5,809.15 |

| SPGSAG | 356.52 | 353.97 | 352.4 | Closed | 351.15 |

| BCOMINTR | 402.97 | 414.59 | 411.57 | Closed | 413.34 |

|--------------|-----------|-----------|-----------|-----------|-----------|

| Crude Oil WTI | 58.08 | 57.95 | 57.42 | 57.49 | 57.32 |

The complete audio transcript will be accessible at the following link: https://wallstreetweek.substack.com/ when it becomes available.

This week on Wall Street Week, we discuss the last full week of December 2025, during which U.S. financial markets experienced a significant upward trend known as a Santa Claus rally. Major equity indices, including the S&P 500 and the Dow Jones Industrial Average, reached record highs, fueled by light trading volume and positive investor sentiment.

While crude oil prices experienced fluctuations due to geopolitical tensions in Venezuela and the possibility of peace talks in Ukraine, precious metals showed notable gains. Treasury yields remained largely stable, and the VIX volatility index decreased, indicating a period of market calm.Although there was a slight dip in the markets on the day after Christmas, the week ended on a strong note, particularly for the technology and energy sectors.

Looking ahead, projections suggest that investors are now focusing on 2026 economic forecasts and upcoming insights from the Federal Reserve regarding its policy.

|--------------| 12/22 M - | 12/23 T - | 12/24 W - | 12/25 T - | 12/26 F - |

|----------------|-----------|-----------|-----------|-----------|-----------|

| S&P | 6,878.49 | 6,909.79 | 6,932.05 | Closed | 6,929.94 |

| Nasdaq | 23,428.83 | 23,561.84 | 23,613.31 | Closed | 23,593.10 |

| DJI | 48,362.68 | 48,442.41 | 48,731.16 | Closed | 48,710.97 |

| VIX | 14.08 | 14.00 | 13.47 | Closed | 13.60 |

| 2-yr T Bond % | 3.509 | 3.528 | 3.51 | 3.503 | 3.483 |

| 10-yr T Bond % | 4.171 | 4.169 | 4.134 | 4.133 | 4.134 |

|----------------|-----------|-----------|-----------|-----------|-----------|

| BCOMENTR | 63.7807 | 65.4841 | 65.0305 | Closed | 64.5153 |

| SPGSPM | 5,951.81 | 6,019.23 | 6,020.98 | Closed | 6,132.37 |

| SPGSAG | 355.36 | 356.55 | 359.01 | Closed | 358.61 |

| BCOMINTR | 395.53 | 401.61 | 403.37 | Closed | 411.09 |

|----------------|-----------|-----------|-----------|-----------|-----------|

| Crude Oil WTI | 58.01 | 58.38 | 58.35 | 58.53 | 56.74 |

The complete audio transcript will be accessible at the following link: https://wallstreetweek.substack.com/ when it becomes available.

This week on Wall Street Week, we provide a comprehensive overview of financial market performance during the third week of December 2025. The week was marked by significant volatility, with initial concerns about inflation and high interest rates eventually giving way to a strong rally towards the end of the week, driven primarily by the technology and AI sectors.

In addition to fluctuations in equities, Treasury yields also experienced notable changes. The energy market faced challenges due to downward pressure from global supply surpluses and geopolitical tensions. Overall, this week's economic news reflects investors' mixed sentiment as 2025 comes to a close, balancing macroeconomic fears with optimism about the holiday season.

Finally, conclude this week's review by identifying key financial indicators to watch for in the upcoming shortened holiday trading week.

| -------------- | 12/15 M - | 12/16 T - | 12/17 W - | 12/18 T - | 12/19 F - |

|----------------|-----------|-----------|-----------|-----------|-----------|

| S&P | 6,816.51 | 6,800.26 | 6,721.43 | 6,774.76 | 6,834.50 |

| Nasdaq | 23,057.41 | 23,111.46 | 22,693.32 | 23,006.36 | 23,307.62 |

| DJI | 48,416.56 | 48,114.26 | 47,885.97 | 47,951.85 | 48,134.89 |

| VIX | 16.50 | 16.48 | 17.62 | 16.87 | 14.91 |

| 2-yr T Bond % | 3.508 | 3.479 | 3.485 | 3.46 | 3.485 |

| 10-yr T Bond % | 4.182 | 4.149 | 4.151 | 4.116 | 4.151 |

|----------------|-----------|-----------|-----------|-----------|-----------|

| BCOMENTR | 64.8635 | 63.2218 | 64.1766 | 63.4131 | 63.5643 |

| SPGSPM | 5,745.48 | 5,739.52 | 5,822.75 | 5,795.67 | 5,844.22 |

| SPGSAG | 356.34 | 352.42 | 352.32 | 352.43 | 352.19 |

| BCOMINTR | 389.09 | 386.79 | 391.33 | 392.57 | 396.88 |

|----------------|-----------|-----------|-----------|-----------|-----------|

| Crude Oil WTI | 56.67 | 55.13 | 55.81 | 56.00 | 56.52 |

The complete audio transcript will be accessible at the following link: https://wallstreetweek.substack.com/ when it becomes available.

This week, Wall Street Week reviews market activity from December 8 to December 12, 2025. The report tracks the daily performance of major indices, including the S&P 500, Nasdaq, and Dow Jones Industrial Average (DJI), as well as bond yields and commodity markets. A key focus during this period was the Federal Reserve's anticipated interest rate cut, which initially spurred gains in the broader market, pushing both the Dow and the S&P 500 to achieve new record highs.

In addition to the overall market trends, we observed a significant sector rotation throughout the week. Concerns regarding the high valuations of technology stocks, particularly in the AI sector, led to the Nasdaq underperforming. Conversely, value-oriented sectors such as Industrials and Healthcare saw an increase in investor demand.

The market's reaction to the easing of monetary policy suggests that the outcomes of upcoming central bank meetings and economic data will be crucial in the week ahead.

|-------------| 12/08 M --| 12/09 T --| 12/10 W --| 12/11 T --| 12/12 F --|

|-------------|------------|------------|------------|-----------|-----------|

| S&P Close | 6,846.51 | 6,840.51 | 6,886.68 | 6,901.00 | 6,827.41 |

| NDAQ Close | 23,545.90 | 23,576.49 | 23,654.15 | 23,593.86 | 23,195.17 |

| DJI Close | 47,739.32 | 47,560.29 | 48,057.75 | 48,704.01 | 48,458.05 |

| VIX Close | 16.66 | 16.93 | 15.77 | 14.85 | 15.74 |

| 2-yr T Bond | 3.57% | 3.61% | 3.54% | 3.52% | 3.52% |

| 10-yr T Bond | 4.17% | 4.18% | 4.13% | 4.14% | 4.19% |

The complete audio transcript will be accessible at the following link: https://wallstreetweek.substack.com/ when it becomes available.