Jan. 01, 2026 1:15 PM ETS&P 500 Futures (SPX), SP500, DJI, NDX, RTY, SPY, DIA, QQQ, IWM, IVV, VOO, EFA, IEFAAFMC, AFSM, ARKK, AVUV, BAPR, IVOO, IVOV, IVW, IWC, IWN, IWO, IWP, IWR, IWS, IYY, SPLV, SPMD, SPMO, SPMV, SPSM, SPUS, SPUU, SPVM, SPVU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPYD, SPYG, SPYV, SPYX, SQLV, SSO, SSPY, SVAL, SYLD, TMDV, TPHD, TPLC, TPSC, UAUG, UJAN, UMAR, UMAY, UOCT, UPRO, USMC, USMF, USVM, MAGS, CWI, VEU, VEA, FDT, IFV, CIL, OVF, SPDW, ACWX, SCHF, DBEF, VXUS, IDLV, EFAV, IXUS, HEFA, DBAW, IPKW, JPIN, QEFA, IQLT, RODM, INTF, HAWX, HFXI, GSIE, DEEF, RFDI, DIVI, IGRO, ESGD, HDMV, JHMD, IDEV, NUDM, MFDX, DINT, EFAX, DWMF, EASG, QINT, VSGX, PTIN, QLVD, AVDE, WWJD, TPIF, BBIN, IQSI, IJAN, FDEV, BKIE, DFAI, NTSI, DMXF, ISWN, LCTD, DMCY, DSTX, YDEC, CEFA, GSID, IAPR, IMFL, EFG, DNL, PIZ, JIG, IDHQ, AADR, IDMO, IHDG, EFAD, FPXI, IMTM, IMOM, VIGI, IQDG, ABLG, FDNI, FICS, EFV, PID, DWM, DTH, DOL, IDV, PXF, FGD, DWX, FID, TLTD, IQDF, IQDY, FNDF, IDOG, VIDI, IVAL, IVLU, MOTI, HDEF, DDWM, VYMI, LVHI, EFAS, ICOW, UIVM, FIDI, FIVA, SCHY, GWX, SCZ, VSS, SCHC, ISCF, HSCZ, IPOS, DLS, DIM, PDN, FDTS, FNDC, FYLD, GVAL, DDLS, AVDV, ISVLMV Financial1.04K FollowersCommentsAfter all was said and done, the average tariff rate on imported goods into the US remained around 17 percent - the highest since the days of Smoot-Hawley in the early 1930s.Yet, there was no Depression, no recession even. In fact, the US economy has grown at a higher pace this year than at any time in the post-pandemic period. What is important to bear in mind here is that the economy of 2025 bears very little resemblance to the one of the 1930s.When the Global Age ended, not long after the 2008 global financial crisis, the Pax Americana global order started to weaken as well. We are of the opinion that we finally lost it, likely for good, this year. What will emerge as the new global order is very much unknown as we head into 2026.Getty ImagesOriginally published on December 31, 2025Well, here we are. 2025 is coming to an end and we have somehow made it through. Yay! There are plenty of things we could dwell on as standout themes for the year gone by, butThis article was written byMV Financial1.04K FollowersMV Financial is a Washington DC-area asset manager offering investment advisory services through MV Capital Management, a Registered Investment Advisor. We specialize in deep research across a wide range of asset classes and investment vehicles, with the goal of transforming knowledge into actionable investment solutions for our individual, family and institutional clientele.Comments