Overview
As we enter 2026, the investment landscape presents a study in contrasts. Data suggests the US economy is demonstrating underlying resilience, yet a cooling labor market, elevated equity valuations, and ongoing policy uncertainty create legitimate tensions that we believe demand disciplined navigation rather than complacent optimism.
In this environment, we would remain anchored to fundamentals, maintain perspective across asset classes, and resist the impulse to react to every policy pronouncement or market fluctuation.
(The attached PDF is a summary of Pathstone’s full report, which is available to clients upon request.)



