The Q4 2025 Quarterly Market Review summarizes a strong finish to the year amid ongoing geopolitical headlines, shifting interest rate dynamics, and resilient global markets. U.S. equities delivered positive returns but trailed both international developed and emerging markets, with value stocks outperforming growth and large caps leading small caps. International developed markets were the top performers for the quarter, while emerging markets also posted solid gains. Fixed income returns were modestly positive, as short-term interest rates declined while long-term rates edged higher, creating mixed results across bond maturities. Commodities were a notable bright spot, led by sharp gains in metals such as silver and copper. The review concludes with a reminder that day-to-day market noise can be misleading, emphasizing that focusing on longer-term trends—and avoiding emotional reactions to short-term volatility—can help investors stay disciplined and better positioned to achieve their long-term goals.