Discipline matters when markets are uncertain

Markets are being shaped by uncertainty, with a prolonged disruption in the Strait of Hormuz and higher energy prices posing a real risk to both investors and the broader economy.

At the same time, any sudden pause in hostilities or meaningful negotiations could trigger a sharp one-day rally, reminding investors how quickly sentiment can turn.

In this environment, discipline matters. We favor staying invested while leaning toward higher-quality assets that may be better positioned to withstand volatility and changing conditions.