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Jan 08 2026

A State Of Perpetual Bliss

  • Jan 8, 2026

Sentiment, traditionally a contrary gauge of stock performance, was acutely bullish entering 2025—the 3rd most optimistic level in history, and therefore worthy of concern. Nevertheless, SPX’s 2025 return logged the 3rd best outcome for a year starting with such elevated confidence.

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About The Author

Scott Opsal / Director of Research & Equities