Global Quarterly Q4 2025

On behalf of our team at Lundgreen’s Investor Insights, we wish you a happy holidays!

We end 2025 with the latest issue of our Global Quarterly magazine, where we discuss major shifts in financial markets that went down this year. The world has seen the best and worst of days, with the artificial intelligence boom taking stock markets to multiple record highs. Emerging economies remain global growth leaders and are showing no signs of stopping, and we see this continuing in 2026.

Bad days were likewise aplenty, mainly triggered by the US’ second tariff war that has upset trade flows. This is one of the many reasons behind this issue’s theme: this heftier trade war caused a reversal of gains among major economies, with some more deeply hurt than others.

Markets have since adjusted to this new normal. Towards the end of 2025, shipment volumes have shifted in a big way especially for China, which has managed to pivot their exports quickly. The same cannot be said for Japan and Brazil.

Looking to Europe, a new era is unfolding wherein old giants like Germany and France are becoming far more uninvestable. Instead, they are losing out to Italy and even Greece, which has decisively dug itself out of a deep financial hole. This reversal of roles is likely to hold, which will also steer stock markets towards correction mode.

Despite some pessimism towards select markets, we see sunshine prevailing in 2026 – only that its rays shine brighter in emerging economies compared to the rest. We continue to like risk, but this time, positions must be well-considered.

As you read this issue’s articles, we hope to be helpful in your decision making. We are happy to receive any feedback that you may have.

Peter Lundgreen
Founding CEO