Equity outlook into year-end | Lombard Odier
After a solid performance from equity markets in 2025 to date, can we expect a year-end rally, and what are the prospects for 2026? We examine our equity strategy and preferences.
One of the most frequent questions we receive from investors concerns the short and medium-term outlook for equities. Over the past century, when the S&P 500 saw positive returns in the year through November, December was also positive 80% of the time, with an average monthly performance close to 3%, delivering a ‘Santa Claus rally’.
However, market sentiment can turn quickly. Technical analysis helps identify resistance levels and potential pullback levels, until these are broken and patterns change…
