Monthly Portfolio Update December 2025
The markets weren’t quite as strong as I’d hoped as December. The more traditional, value oriented Toronto Stock Exchange Composite Index (TSX) and the Dow Jones Industrial Average (DJIA) both extended their monthly winning streaks. For the TSX it was the longest monthly winning streak since 2014, and it was the longest streak since 2017 for the DJIA, impressive runs when you step back.
December’s market action largely came down to two forces: where interest rates are headed and where investors chose to take profits after a very strong year for big technology companies once again.