Co-Founders' Monthly Note For Financial Advisors

April 2026:

A Disconnect Between Headlines & Market Behavior

Uncertainty can sometimes carry more weight than the event itself.

When headlines involve geopolitical tension or outcomes that are difficult to quantify, investor behavior often shifts quickly. Questions increase, confidence becomes more fragile, and long-term plans that felt stable weeks earlier can suddenly feel less certain.

Recent developments are a reminder of how quickly sentiment can change when visibility declines. The current environment is serious and evolving, but the underlying dynamic is not new. Markets have navigated wars, conflicts, and geopolitical shocks across decades, often experiencing short-term volatility while maintaining their longer-term trajectory.

This month’s Co-Founders’ Note looks at how uncertainty shapes investor behavior, why markets often move ahead of the headlines, and how we are adjusting exposure in response to changing market conditions—not in anticipation of them.

But first, here’s a summary of what transpired in the markets in March.