I think the first thing that has the broadest impact is the convergence of the right wing of Silicon Valley and the new rich in the cryptocurrency circle, and its influence on the entire financial sector will continue to ferment in 2026.
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农民Frank
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2025 US Stock Market Yearbook: High Walls Rising, Fences Collapsing, How to Find New Anchors for Order in 2026?
2025 is a year of simultaneous acceleration and mutual compression of capital, institutions, technology, and politics.
Written by: Frank, McTong MSX Research Institute
All that is past is prologue.
As we reach the end of 2025, reflecting on the past 12 months of the US stock market and global financial markets, it is challenging to encapsulate this year with linear terms like 'rise' or 'correction'. Instead, it resembles a series of intense, mutually compressive structural changes—technology acceleration, capital expansion, political polarization, and institutional loosening occurring simultaneously and amplifying each other within the same cycle.
Written by: Frank, McTong MSX Research Institute
All that is past is prologue.
As we reach the end of 2025, reflecting on the past 12 months of the US stock market and global financial markets, it is challenging to encapsulate this year with linear terms like 'rise' or 'correction'. Instead, it resembles a series of intense, mutually compressive structural changes—technology acceleration, capital expansion, political polarization, and institutional loosening occurring simultaneously and amplifying each other within the same cycle.
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