Geopolitical Risk, 2025 Ends Strong, & What’s Next

In this week’s Market Commentary, Rick Wedell, CIO of RFG Advisory, weighs in on recent geopolitical tensions, last year’s strong market performance, and why international stocks led the way in 2025. 

Here’s what Rick covers: 

  • Why geopolitical risks and oil prices deserve a closer look. 
  • The S&P 500 rose ~18% in 2025, with bonds and international stocks delivering impressive gains. 
  • What signs point towards a softening labor market
  • Why international markets saw higher returns than U.S. markets. 

Watch now to hear Rick’s perspective on the markets, economic backdrop, and key considerations as we kick off 2026. 

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