Market Commentary, March 2026

It is hard to ignore the news cycle as it continues to show images of the war throughout the Middle East right now.  And with the Strait of Hormuz becoming more unpassable, the price of oil is heading higher.  Over the past few sessions, the stock market has ticked down in reaction.  Historically, markets react quickly to geopolitical shocks and short-term volatility is common as investors reassess risk.  Rising oil prices can pressure corporate margins and weigh on consumer spending.  Despite this uncertainty, markets have historically shown resilience.  Past geopolitical crises have often lead to market declines followed by stabilization once investors gain clarity on the scope and duration of the conflict.  My team and I are in the process of rebalancing portfolios on the heels of healthy gains last year.  We will be taking some profits off the table and repositioning into a more defensive posture.  But we will do so incrementally and gradually.  Of course, everyone’s situation is unique.  If you have any questions or would like to discuss your situation, please do not hesitate to contact us.

I have linked a few outside pieces for anyone who cares to read additional commentary on this matter. 

JP Morgan: Does War In Iran Change the 2026 Outlook?

Goldman Sachs: Investment Perspectives on the Middle East Conflict

New York Times: The Best Playbook for Investing During a War Is Usually Doing Nothing

Thank you,

Joe Smalley