The guys review 2025’s biggest market themes in a lively year-end episode: a messy US CPI release, debate over central-bank cuts, and political spin. They quiz each other on asset winners and losers — gold and NVIDIA among the standouts — and discuss Japan’s Nikkei outperforming major indexes. The conversation covers sector performance (communications top, real estate worst), the US dollar’s decline with the Swedish krona’s strong gain, and the scale of AI infrastructure spending driving market moves into 2026. Listeners get a spirited roundup, market convictions for the year ahead, and holiday well wishes from the team.