Q1 2026: Quick Market Update

Expect More Chops and Air Pockets

2026 is shaping up to be a high-volatility year, and the setup into Q1 looks especially fragile. The combination of stretched indices, crowded leadership, and an election-cycle overhang suggests more whipsaws and fewer smooth trend moves than what we’ve enjoyed the past few years.

• The base case is higher volatility starting in Q1, with a meaningful odds-…