First Quarter 2026 Commentary

After a relatively stable start to the year, markets have moved into correction territory, driven largely by the conflict in the Middle East and its impact on global energy prices. What began as a geopolitical concern has quickly shaken inflation expectations, interest rates, and investor confidence.

Higher oil and natural gas prices are adding to inflation pressures at a time when the Federal Reserve was already balancing growth and inflation. As a result, interest rates remain elevated, and expectations for rate cuts have been pushed further out. Rising costs, combined with slower growth expectations, have created a more challenging environment for both stocks and bonds.

Volatility has increased, and day-to-day movements are being driven more by headlines than fundamentals. While this can feel unsettling, it is normal for markets to adjust quickly as new information becomes available. Although risks have risen, particularly around geopolitics and inflation, markets and economies have historically proven resilient. Periods like this tend to follow a familiar pattern: volatility rises, policymakers respond, and markets eventually stabilize.

In the meantime, our disciplined approach is designed to keep your long-term goals on track. We have positioned portfolios to cover near-term cash needs, so they have the time and space to work through this volatility. We will continue to make thoughtful, incremental adjustments as conditions evolve rather than reacting to headlines.

By focusing on what we can control, we can help navigate uncertainty with confidence and clarity. If you have not reviewed your financial situation recently, we encourage you to schedule an Annual Check-In meeting to ensure your portfolio continues to reflect your goals, risk tolerance, and time horizon.

Lastly, the Securities and Exchange Commission requires us to update our Investment Advisor Brochure (Form ADV Part 2A and 2B) each year and provide it to you at no cost. We have not made any material changes to our services, fees, or business practices, but if you would like a copy of our ADV, you may download it from www.certifiedplannersinc.com (under the Disclosures menu), or www.adviserinfo.sec.gov (search Certified Planners, Inc.), or contact our office.

Thank you for your trust in us. We remain committed to supporting your financial wellness through both the challenges and opportunities that lie ahead.