Collective Advisors

It was a volatile week for markets, but the underlying picture remains constructive. Earnings and profit margins continue to strengthen, market leadership is rotating, and breadth is improving. Here’s what last week’s moves may signal for investors focused on the bigger picture:

Market Commentary: A Jittery Week, but Strength Beneath the Surface - Collective Advisors Learn more about how stocks saw a big mid-week meltdown thanks to worries over software and technology.

One thing January reinforced is how quickly market leadership can change.

Stocks finished the month higher, while shifting expectations around the Federal Reserve sparked significant moves in areas like precious metals. It’s early, but historically, a positive January has often been a helpful signal for the months that follow.

More broadly, diversification continues to matter as leadership extends beyond a narrow group of stocks.

Here’s how we’re interpreting these early developments as 2026 begins:

Market Commentary: What Stock Gains in January May Tell Us About the Rest of the Year - Collective Advisors Learn more about how the S&P 500 finished a headline-heavy January with a gain for the month.

Markets reacted sharply to political concerns early last week, then recovered just as quickly.

That dynamic has repeated itself many times over the years. While policy proposals can drive short-term volatility, long-term market performance has consistently been driven by fundamentals.

This week’s market commentary walks through that context:

Market Commentary: Taking Stock of the First Year of the Second Trump Administration - Collective Advisors Learn more about how the next few weeks will be the heart of fourth-quarter earnings season.this is still a bull market and we continue to expect to see higher prices, but it won’t be a smooth ride.

Today we recognize and honor the legacy of Dr. Martin Luther King Jr.—a transformative leader whose wisdom, courage, and commitment to justice continue to inspire. The markets are closed today in recognition, and we hope you’re able to take a moment to reflect on Dr. King’s enduring impact.