Closing Thoughts on a Year of Uncertainty

In this final episode of 2025, Liz Ann Sonders and Kathy Jones reflect on a year marked by uncertainty and volatility in the markets. They discuss the ping-pong nature of policy changes, the resilience of the economy, and the impact of retail traders on market sentiment. Their analysis also touches on the speculation surrounding the next Fed chair and the mixed signals from recent job data. 

On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. 

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Important Disclosures

This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.

All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

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Investing involves risk, including loss of principal. 

Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy.

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The book 4000 Weeks: Time Management for Mortals by Oliver Burkeman is not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Charles Schwab & Co., Inc. (CS&Co.) has not reviewed the book and makes no representations about its content.

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