Capital Markets 4Q25 Update

Policy eases yet long-term yields hold firm
Despite the Fed’s rate cuts, long-term Treasury yields remain elevated as fiscal expansion and persistent inflation sustain upward pressure. Investors are better positioned in short-duration, high-quality credit to capture yield.

AI’s hidden gold rush: the storage boom
The AI explosion has turned data storage hardware into a top-performing sector. Investors seeking diversified AI exposure should consider storage and infrastructure plays.

Good or not, every bubble pop
The S&P 500’s 2025 rally has been dominated by a handful of AI-driven tech giants, fueling valuation anxiety and bubble talk. It may be time for selective positioning and some profit-taking in big-cap tech.

Silver steals the spotlight, while gold continues to shine
Precious metals have surged to record highs in 2025. While both gold and silver remain bullish plays, the gold-to-silver ratio near 80 signals a slight edge for silver.