Vineyard Global Advisors | Market Commentary

2025 Review & 2026 Outlook

Written by VGA Investment Team | February 06, 2026

Enjoy the Vineyard Global Advisors    2025 Review & 2026 Outlook

Tom Samuelson, Chief Investment Officer at Vineyard Global Advisors, along with portfolio manager Kendall Dilley, review 2025 and our outlook for 2026.


Watch the Recording here:

 

Highlights

  • 2025 followed our expectations, good but volatile.
  • The economy is showing strength across the board with stable employment and strong GDP. There are some concerns about lingering inflation and AI job losses, but those have yet to appear.
  • Valuations are still high, we expect to see a 10-15% pullback in 2026, but another solid year.

Read our Detailed Report Below:

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Presenters:

Tom Samuelson, CFA, CMT, Chief Investment Officer, Vineyard Global Advisors

Kendall Dilley, CFA, CMT Portfolio Manager, Vineyard Global Advisors

Researcher:

Sam Caylor, CMT, Investment Analyst & Senior Trader, Vineyard Global Advisors