With our portfolio rebalance complete, let’s look ahead to our strategy for 2026.

We’re beginning to see consolidation in the S&P 500, which suggests a shift in momentum. Brett is evaluating the current setup and revisiting elements of the 2022 playbook, applying strategies that worked in similar market conditions while recognizing that 2026 will not be an exact repeat.

Our priorities this year are clear: stay disciplined and avoid disruption. We aim to increase exposure to value and dividend-paying positions, hedge against S&P 500 concentration risk, take profits in gold, reduce bitcoin exposure, maintain our commodities allocation, and add selective international exposure.

On the fixed income side, our focus is yield. We plan to reduce Treasury exposure, increase allocations to corporate bonds, and add long-dated municipal bonds as we thoughtfully extend duration.

Brett also has one final development to share. You’ll have to watch to see what that is!