January 9, 2026
Three Major Takeaways
- Market leadership is rotating amid moderating growth
Across regions, equity gains are being driven less by mega-cap growth and more by small caps, value, cyclicals, and commodities—signaling broader market participation as investors recalibrate around slower but still-resilient economic growth. - Monetary policy clarity is a key tailwind
Softer labor data in the U.S., easing inflation in Europe, and a steady stance from the Bank of Canada have anchored rate expectations, reducing policy uncertainty and supporting both equity and fixed-income markets. - Regional diversification is paying off
Europe’s improving macro momentum and Canada’s commodity-linked strength complement a more rotational U.S. market, reinforcing the case for diversified portfolios as sector and regional dispersion remains elevated.
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Warren Gerow is an independent investment wealth consultant at Sightline Wealth Management.
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