US Stock Market Outlook: Q4 2025

Stock prices were at premiums at the beginning of the year, but then plummeted with concerns about AI stocks and tariffs. Now, investor sentiment on those concerns has improved and market conditions have climbed back into trading at a 3% premium to our fair value estimates. With the market trading slightly above fair value estimates, investors face a narrow margin for error. How can investors walk the market tightrope during an uncertain outlook? 

The Q4 2025 Stock Market Outlook examines our equity research coverage based on the equity style box, economic moats, sector valuations, and more.

Download the report to explore which stocks can create a diversified portfolio that’s resilient in any market.