Big money's still feeling bullish. Word from the flow desks at a major hedge fund—they're holding onto that constructive stance straight through the year-end tape and well into 2026.

We're talking profits in play, policy shifts on the radar, and positioning that suggests the smart money isn't hitting the exit just yet. When institutional flow experts maintain this kind of outlook through year-end volatility, it typically signals confidence in underlying market structure.

The setup heading into next year? These traders are mapping out scenarios where current momentum carries forward. Positioning data shows deliberate accumulation rather than distribution—classic signs of conviction, not just hope.

So while retail might be sweating every headline, the institutional side seems to be playing a longer game here. Their read on policy trajectory and earnings potential apparently outweighs near-term noise. Whether that optimism proves justified—well, that's the 2026 question everyone's positioning for right now.