Market Performance Outlook - The central question for investors heading into 2026 is whether market performance will extend beyond the dominant megacap technology companies that have led returns for the past three years [1] - The contribution to total return from the "Mag Seven" technology companies has significantly overshadowed the performance of the other 493 companies in the market [2] Sector Contributions - There is a growing interest in whether sectors such as small-caps, developed ex-U.S. equities, and emerging markets will begin to contribute to overall market returns [2] - Technology, communication services, and consumer discretionary sectors now represent over 50% of the S&P 500, with technology alone accounting for more than 30% by weight [3] Investment Strategies - The Alps Electrification Infrastructure ETF (ELFY) is highlighted as a potential investment to capitalize on market broadening, focusing on sectors like utilities, materials, and energy infrastructure [4] - The Alps Smith Core Plus Bond ETF (SMTH) is recommended for fixed income, having grown to over $2 billion in assets in less than two years, with significant inflows in 2025 [5] Market Trends - There is a focus on how quickly the ETF share class structure will lead to actual launches and live trading, as well as the potential for private market strategies to enter the ETF space [6]