A Calm Finish To A Wild Year: Markets End 2025 Without A Santa Rally

US large caps, represented by SPY, returned 18% in 2025, trailing international equities but outperforming small and mid-caps. Gold posted its best year since 1979, while oil, Bitcoin, and the US dollar fell; silver outperformed all.


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Source: https://seekingalpha.com/article/4856604-a-calm-finish-to-a-…