Wealth Management

Q2 2026 will be remembered as a quarter of striking contrasts. On the surface, it was one of the strongest stretches for U.S. stocks in years: all three major indexes pushed to record highs, and the rally broadened as the quarter wore on. Beneath that strength, however, ran a powerful undercurrent — inflation re-accelerated to a three-year high, oil whipsawed on the war in Iran, and a brand-new Federal Reserve chair pivoted the central bank toward a more hawkish stance, putti

As we close the books on Q1 2026, the quarter delivered a more consequential outcome than our preliminary mid-March report anticipated. What appeared to be a sideways, volatile markets through March ended the quarter with a definitive negative print — the S&P 500's worst opening quarter since 2022. The combination of a persistent oil shock, Supreme Court rulings reshaping trade policy, and a Federal Reserve navigating between inflation and a weakening labor market created an