
Scrapping off an inch of snow on April 19th can be disturbing with winter dragging into spring. But for stock market investors, there is an adage that winters are often short while summers can last some time. Similar to last year’s “tariff tantrum” which dramatically dragged stocks down almost 20% but then rebounded to finish the year at record highs, our recent market “weather event” has now been reversed and in the matter of 12 days, we are now back to record highs for the S&P. This is a nod to building resilient portfolios and to remaining committed to your long-term plan, using the inevitable dust-ups to position for the summer months ahead.