Market Commentary, March 2026

MARCH 2026

The first quarter of 2026 has seen markets absorb significant geopolitical activity, most recently the ongoing conflict between the United States, Israel and Iran. James Calder considers why the short- term spikes in energy pricing may still have a limited impact on the recent strong performance of global economies. James also discusses how portfolios are positioned today to withstand these difficulties and looks forward to consider what the next steps may be for your investments.