This week on Financial Planning: Explained, host Michael Menninger, CFP welcomes Brad Sorensen, CFA. Brad is a portfolio manager and outsourced Chief Investment Officer at Cornerstone Portfolio Research. This is the first episode of a three-part series discussing this past years market performance and the outlook for 2026. In this episode, Mike and Brad discuss market performance in 2025 vs. prior years, PE Ratio (price-earnings), valuations, and unemployment. This is a great episode for anyone looking for a better understanding of how the markets performed in 2025 and why. ​For more information on Menninger & Associates Financial Planning visit https://maaplanning.com.