In our Q4 2025 Reber Report, we examine growing imbalances in the U.S. economy as elevated equity valuations collide with weakening labor markets and slowing fundamentals. While AI investment has supported headline growth, underlying risks are becoming harder to ignore.
Key themes in this report include:
- Asymmetric risks for investors created by historically high equity valuations
- The role of AI investment in masking underlying economic weakness
- Labor market trends, liquidity, and leverage signaling late-cycle conditions
- Why diversification, active risk management, and hedging matter in 2026
If you have questions about how current market conditions may affect your portfolio or long-term plan, we encourage you to reach out to our team.
For related insights you may find these links helpful: