Market Turbulence
- US stock indexes are experiencing considerable volatility driven by the uncertainty from policy shake ups, primarily with tariffs. The US market started the year at already-expensive levels. And price declines of 5% to 10% are common occurrences. The market may be waiting for uncertainty to diminish before it switches back into growth mode.
Stay the course.
- Stay invested. Stick to your plan. Changes happening in government may have meaningful affects on the economy and potentially trickle down to our portfolios. We are paying close attention to what’s happening, leaning on the insights of many trusted investment partners, and continuously discussing among our team.
In your portfolios, diversification is working as it is meant too
- While US stocks work through a price reset, the international stocks, real asset, and bond strategies you own are buoying accounts.
- 6 of the Mag 7 are negative YTD, and all of those are down by at least (9%) or more. NVDA, you have to go back to Sept 6 to have a positive return. A lesson in FOMO investing… NVDA was the darling of 2024 but frenzies create price-traps. No stock is immune from volatility. Don’t put all your eggs in one basket and focus on the long term. Stay diversified, stay invested.
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Joe Gallemore CIMA®, CExPTM
Partner & Director of Investment Management
