As you celebrate another year of life, we just wanted to take a moment to say how much we appreciate being part of your journey.
May the year ahead bring growth, joy, and meaningful moments that matter most to you.
Thanks for letting us be part of your story.
In our view, staying passive through volatile, policy-driven environments is not a risk-free choice. Rather than committing to a static buy-and-hold allocation, we believe in remaining tactically active.
The April 2 “Liberation Day” tariff announcement sent stocks into a severe volatility patch. We maintained our cash allocation but started buying selectively.
Rising economic and trade policy uncertainty – driven by the on-again, off-again, on-again nature of tariff pronouncements – has corresponded with rising market volatility. Given the uncertainty is not likely to fade soon, we’ve raised 25% cash in portfolios.
