Commentary

Q4 2025 Quarterly Sector and Investment Research Update

Read the full report for current views on market trends and sector investing for the quarter.

By: Denise Chisholm

Updated: 10/22/2025

Key Takeaways

The tax law passed over the summer is expected to reduce the effective corporate tax rate, thanks to changes in the treatment of certain corporate expenses and deductions.
These tax cuts, along with interest rate cuts from the Fed, could provide a powerful dual tailwind to help propel the bull market even further.
Stocks of homebuilders could be particularly well positioned to benefit if rate cuts translate into lower mortgage rates.

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Quarterly Sector and Investment Research Update - Q4 2025

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