Quarterly Review: Stocks Pull Back from Highs as Markets Are Tested

After a calm start to the year, markets were tested late in the first quarter as investors weighed geopolitical events. The takeaways worth holding onto: developed-international and emerging markets outpaced the US, and value stocks and small caps opened 2026 strongly — a reversal from 2025.

It’s a level-headed reminder of why diversification and discipline matter precisely when headlines are loudest. Grab the full quarterly review below.