2026 will likely be a more volatile and painful year than investors have become accustomed to after 3 blockbuster years of returns.

The uncertainty created by today’s tariffs will create scarcity (and higher prices) of lower order goods (in this case whiskey) in the future.

The three worst-performing Dow Jones Stocks in 2025 were UnitedHealth Group, Salesforce, and Nike, all of which posted negative returns.

Stocks were wobbly but found some support. VIX is wallowing.