Ilulissat, Greenland, on Scott Hamilton’s holiday at the beginning of a cruise through the Northwest Passage.

Dec. 23, 2025, © Leeham News: Merry Christmas and Happy New Year from the Leeham News and AIN Media Group.

Barring breaking news, LNA begins its holiday vacation today. We will return on Jan. 2, 2026, with the first in a six week long series of Outlook 2026.