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The S&P 500 Index slipped after a strong January amid the Iran war and Strait of Hormuz closure, ending the quarter down 4.35%. International equities faced similar issues amid the headwind of higher energy prices but held up slightly better, with the MSCI EAFE Index down 1.09% and MSCI Emerging Markets Index down 0.13%.
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Navigating a New Set of Headwinds: Markets Enter 2026 on Solid Footing, Then Encounter a Wall of Risk

The S&P 500 Index slipped after a strong January amid the Iran war and Strait of Hormuz closure, ending the quarter down 4.35%. International equities faced similar issues amid the headwind of higher energy prices but held up slightly better, with the MSCI EAFE Index down 1.09% and MSCI Emerging Markets Index down 0.13%.

Apr 10 2026 10 MIN READ