2025 trading behavior prominently featured momentum. Certain categories of stocks soared to new heights while others were left in the dust. Toward the end of the year, investors became locked in the high-fliers for fear of incurring a big tax bill, but with the calendar rolling over they can sell knowing that taxes are 16 months away. We anticipate significant rotation between asset classes. Some of the formerly forgotten stocks are poised to rebound. Not all that has fallen will recover, but those with the ...