As we look back on 2025, one theme stands out clearly: markets once again appeared more resilient than the prevailing mood. Global conflict, elevated interest rates and persistent questions about economic durability continued to dominate headlines. Yet, much like the years preceding it, the gap between sentiment and market outcomes remained wide.
For many households, progress still felt hard to come by. Confidence wavered, costs stayed top of mind and uncertainty persisted. At the same time, financial markets continued to respond less to speculation and more to fundamentals—particularly within the U.S. economy, where corporate earnings and revenue growth remained highly concentrated.
Against this backdrop, Oakworth’s Investment Committee remained focused on what matters most: separating signal from noise.
As highlighted below, multiple market-changing events throughout the year required thoughtful evaluation of asset allocation considerations as conditions evolved across markets and sectors. The timeline that follows illustrates how 2025 required discipline, flexibility, and a willingness to act without overreacting.
This Year in Review is not about headlines or hindsight. It is about process—how we use data, research and experience to form decisions when clarity is scarce. Our purpose hasn’t changed: to provide steady guidance, manage risk thoughtfully, and help clients move forward with greater clarity, even when the path isn’t always clear.
If you would like to discuss how these themes influenced positioning within your portfolio, we invite you to contact your Oakworth wealth client advisor or investment portfolio manager.
The views and opinions expressed reflect the judgment of Oakworth’s Investment Committee as of the date indicated and are subject to change without notice based on market conditions or other factors. Statements contained herein that are not historical facts may be considered forward-looking statements and are based on current expectations, estimates, and assumptions. Actual results may differ materially.
This commentary is provided for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Economic and market conditions are subject to change. Past performance is not indicative of future results. Indexes are unmanaged and cannot be invested in directly.
References to market conditions, economic trends, or portfolio positioning are general in nature and may not reflect the experience of any individual client. Portfolio construction, asset allocation, and investment decisions are made on an individual basis, taking into account each client’s objectives, risk tolerance, time horizon, and financial circumstances. Not all clients will hold the same investments or strategies.