2025 has been a year of both volatility and growth in the equity markets, but what’s more exciting is the recent increase in market breadth.

 

Two years ago, the Mag 7 accounted for nearly two-thirds of S&P 500 returns. This year, none of the Mag 7 were among the top 25 performers year-to-date. That’s a meaningful broadening in market participation.

 

With GDP growth expectations, fiscal stimulus, and widening market leadership, the outlook for equities in 2026 looks promising.

 

Watch Brooke’s full Bloomberg interview for her 2026 market outlook. ⬇️