Markets rarely turn on a single headline. More often, trouble builds through small inconsistencies, subtle shifts in behavior, and signals that do not quite line up with the optimism embedded in asset prices. As we close out 2025, a growing number of those cautionary signals are flashing simultaneously.
None of this guarantees a downturn. But taken together, the risks heading into 2026 look higher than the market currently reflects.
This post originally appeared at Investing Daily.