<p>In this final Market Maker markets episode of the year, Anthony and Piers deliver a global recap of 2025’s biggest winners, losers, and trends. From the AI-driven tech shake-up and Wall Street’s banking boom to the surprise surge in Spain’s stock market, they break down the key moves. </p><p><br></p><p>Looking ahead to 2026, will inflation, a Fed leadership transition, or even a ‘Great AI Energy Blackout’ derail the bull run? Listen in for clear insights, easy-to-follow strategy, and a few surprising predictions.</p><p><br></p><p>(00:00) Intro &amp; 2025 in Review</p><p>(03:50) US Equity Sectors</p><p>(05:08) Hyperscalers Dominant </p><p>(14:41) AI Investment Ecosystem</p><p>(21:01) Data Integration vs SaaS Stocks</p><p>(22:45) Financials Stage a Comeback</p><p>(30:18) Value Rotation</p><p>(33:59) Healthcare Divisions</p><p>(42:52) Highlights in Fixed Income</p><p>(46:52) Gold Shines while Oil Slumps</p><p>(49:54) The End of the US Dollar?</p><p>(53:19) Outlooks for US Stocks in 2026</p><p>(59:22) Potential Risks</p><p>(1:02:38) Black Swan Event</p>