This week marks the third anniversary of the current bull market — and we looked at what history tells us about year four of a rally. A client sent me the stats this morning, so I’m passing them along. Earnings season kicked off with solid results from the big banks, but regional lenders sold off on renewed worries over bad loans. The IRS released 2026 tax brackets — married couples can now earn up to $98,900 and still pay 0% on long-term capital gains. In tech, Taiwan Semiconductor reported a 39% jump in profits as AI chip demand from the industry’s biggest players keeps climbing. Enjoy the quick read — and have a great weekend!

Markets & Economy: Here’s What We’ve Learned From Big Bank Earnings Reports This Week source:investopedia.com Trump Treasury Sec. Bessent to speak with Chinese trade counterpart on Friday source:cnbc.com Regional banks, Jefferies shares tank as concerns about sour loans grow on Wall Street source:cnbc.com 2026 Tax Brackets source:www.taxfoundation.org How much you can make in 2026 and still pay 0% capital gains source:www.cnbc.com TSMC profit surges 39% to beat estimates and hit yet another record on AI chip demand source:cnbc.com Bull Market Stats:  What to expect in year 4Current bull market turned 3 on October 12, 2025S & P 500 is up 85% since October 12,2022 Historical average 4th year return is 12.8%Strongest 4th year return was 29.7% (1986-1987)Weakest 4th year performance was -2.3% (1955-1956)source:investopedia.com