In this video, Amy and Fred discuss what impacted global stock markets in the final quarter of 2025, and how we’re positioning portfolios heading into 2026. Fred touches on where he sees the biggest risk to markets in the coming year, the sector we’ve re-upped our exposure to, and the areas we have the highest conviction in. From an impact perspective, Amy breaksdown COP30 in terms of what news matters most to Tribe portfolios and what we’re excited about looking forward.