Staying the Course When the World Feels Loud

The first quarter newsletter from Cardinal Point Capital Management can be downloaded here.  2026 started with solid returns as the U.S. economy showed signs of slightly slowing, while markets anticipated several rate cuts later in the year. March brought a significant shift, as escalating conflict in the Middle East immediately triggered higher oil prices and renewed concerns about the cost of energy and other related goods. Nevertheless, this disruption, like those before it, will eventually pass. As always, the moments when it feels most uncomfortable to remain invested are often the ones when patience matters most.