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ACG’s December 2025 Capital Markets Review

January 12, 2026 ACG Market Review

(Download the full report HERE)

Market Highlights

  • Domestic equity markets were largely unchanged in December to cap a strong year overall. Investors digested encouraging GDP and inflation data with a weakening labor market and possible cooling of the AI trade.
  • The S&P 500 was up +0.06% for the month and finished 2025 up +17.88%.
  • US Small Caps cooled in December after a strong run, with the Russell 2000 down -0.58% to bring year-to-date gains to +12.81%.
  • S&P 500 sector performance was mixed with Utilities (-5.11%) and Real Estate (-2.24%) as relative laggards for the month. Information Technology (+24.04%) and Communication Services (+33.55%) were clear winners in 2025.
  • The Russell 1000 Value (+0.68%) carried on a strong relative quarter and led the Russell 1000 Growth (-0.60%) in December.
  • Emerging Markets (+2.99%) and Developed International equities (+3.00%) enjoyed a strong December to end a banner year for overseas markets. EM stocks were up +33.57% and the MSCI EAFE rose +31.22% in 2025.
  • The 10-year Treasury yield rose moderately in December, resulting in a -0.15% decline for the Bloomberg US Agg index. The FOMC lowered rates again in December, but market expectations point to a pause in cuts to begin 2026. 

Download the full report HERE to see index returns and more. 

Sources:

  1. Morningstar Direct, MSCI 
Important Disclosures
Investing is subject to a high degree of investment risk, including the possible loss of the entire amount of an investment. You should carefully read and review all information provided by the Atlanta Consulting Group Advisors, LLC (“ACG”), including ACG’s Form ADV, Part 2A Brochure and all supplements thereto, before making an investment.
The information contained herein reflects the opinions and projections of the ACG as of the date of publication, which are subject to change without notice at any time subsequent to the date of issue. All information provided is for informational purposes only and should not be deemed as investment advice or a recommendation to purchase or sell any specific security. While the information presented herein is believed to be reliable, no representation or warranty is made concerning the accuracy of any data presented. You should not treat these materials as advice in relation to legal, taxation, or investment matters.
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