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Geopolitics were front and center this week, so economic data (understandably) was overshadowed. But it was a pretty good week in data.

A look at Nasdaq Chief Economist Phil Mackintosh's favorite charts from 2025.

For the week, the Nasdaq-100 ended the week up +2%, while 10-year Treasury yields were down a few bp to 4.15%.

Despite headline-grabbing news in 2025, economies around the world saw slower, but steady growth. The outlook for 2026 is more of the same -- although the reasons why are evolving.

U.S. equity markets delivered a robust and broad-based performance in 2025, overcoming a volatile and challenging start to the year that tested the resilience and adaptability of the American corporate sector.

For the week, the Nasdaq-100 was down 2% (though its 2025 total return was +21%!), while 10-year Treasury yields rose over 5bp to 4.2%.

We got some major data releases this week, but they all came with a big ol' asterisk.