2025 Market Performance Explained: International Stocks, Valuations, and What Comes Next

Feb 3, 2026

In this video, Eric Burkholder, Founder and CEO of Burkholder Wealth Management, sits down with Associate Advisor Valentin Tranier to break down how the markets performed in 2025 and what investors should keep in mind going forward. One of the biggest surprises of the year was international investing. Developed international stocks returned roughly 32 percent in 2025, while emerging markets were up about 31 percent. Many investors were hesitant earlier in the year due to tariffs, trade uncertainty, and global headlines, yet international markets delivered some of the strongest returns we have seen in decades. The U.S. market also had a solid year, with the S&P 500 returning 16.49 percent, though valuations remain historically elevated compared to international markets. The conversation also covers publicly traded real estate, including the sharp contrast between U.S. and international real estate performance.

Key topics covered in this video

• 2025 market performance recap

• Why international and emerging markets outperformed

• The role of currency and valuations in returns

• U.S. versus international stock valuations

• Real estate performance inside and outside the U.S.

• Why diversification and long term planning still matter

As always, the takeaway is simple: tune out the noise, focus on diversification, and build portfolios around long term goals rather than short term predictions. If you have questions about your portfolio or want to talk through your plan, we are always happy to help.

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