Miner Company
4th Quarter Review: From Momentum to Selectivity
During the fourth quarter of 2025, U.S. financial markets extended their advance while navigating a narrowing margin for error across policy, valuation, and economic data. The period was defined by a complex mix of moderating inflation, softening labor conditions, fiscal uncertainty, and the continued, but increasingly scrutinized, buildout of artificial intelligence infrastructure.
During the fourth quarter of 2025, U.S. financial markets extended their advance while navigating a narrowing margin for error across policy, valuation, and economic data. The period was defined by a complex mix of moderating inflation, softening labor conditions, fiscal uncertainty, and the continued, but increasingly scrutinized, buildout of artificial intelligence infrastructure.