Q1 2026 Newsletter from Curry Webb

Greetings from Curry Webb Wealth Management!

We hope you and your family are doing well as we close out Q1 2026. Looking back on the first quarter, we are pleased to highlight a few important developments.

We’re proud to share that on March 15, 2026, Curry Webb Wealth Management was named to the 2026 Inc. Regionals Midwest list of fastest-growing companies by Inc. Regionals. We were ranked #50 based on growth from 2022-2024. If you’d like to view the full list, you can do so here:https://www.inc.com/regionals/midwest . Companies pay an application fee to be considered.

Private Credit – We know you’ve heard of it. It’s no secret that private credit has a prominent position within most of our portfolios and has for some time. As a bond alternative with better historical returns and lower “volatility”, we allocate to this important asset class. Due to some recent developments in the space, we placed an article on our Resources page. You can read it here: www.currywebb.com/resources.

We’d also like to welcome Cole Smitley as our new summer intern. Cole joins us from Purdue University’s School of Business and has already shown a strong interest in wealth management. We’re excited to have him on board.

Portfolio and Market Commentary

Q1 performance reports are now in your eMoney vault.

To start the quarter, the equity indices put in short-term highs, but began consolidating on talk of how AI will affect the world, especially tech. This persists, but now we get to add the Middle East conflict and oil supply disruption. The market hates uncertainty and there was certainly more of it. The federal reserve decisions on January 28th and March 17th yielded no change to the target rate, which remains 3.5%to 3.75%. CME FedWatch indicated a 68% chance of no change in rates by year-end. Inflation ran 2.4%in January and February, with a slight uptick in March to approximately 3.1%. The broad “AI boom” has paused with the Mag 7 stocks down by approximately 10% on average.

The 1st quarter closed with the S&P 500 Composite down (4.33%). International stocks, represented by the MSCI EAFE index, were down by (4.62%) while emerging markets were down by a mere (0.10%). Real estate had positive quarter, with the Dow Jones Total Market US Real Estate index up by 1.49%. As for bonds, the Bloomberg US Aggregate bond index was down (0.05%). Gold, represented by the SPDR Gold Trust shares increased by 7.14%. The Fed Funds rate remained unchanged at 3.64%.

We decided to reduce our portfolio’s fixed income exposure and increase our equities due to a positive change in our long-term economic model. Overall, there was an increase in the allocation of core S&P500, core international, and high-yield bonds while scaling back general fixed income.

As we move forward, markets are likely to remain influenced heavily by the Middle East conflict and oil supply-related headlines. Geopolitics is redirecting capital toward stable and nationally strategic infrastructure sectors like energy, supply chains, and digital assets. This could provide some short-term opportunities as we deploy investor capital, but it will not cause deviation from our longer-term investment objectives.

We will continue to monitor economic data and market trends closely and make adjustments as warranted to keep portfolios aligned with long-term goals. As always, please reach out with any questions or if you would like to discuss your portfolio in more detail.

Important Disclosures

Curry Webb Wealth Management (“CWWM”) is a registered investment adviser. Registration with the U.S. Securities and Exchange Commission (SEC) does not imply a certain level of skill or training. This communication is provided for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities or investment strategies. Any references to market performance are for informational purposes and based on publicly available data. Indices are unmanaged, not investable, and do not reflect the deduction of advisory fees, trading costs, or other expenses. Past performance is not indicative of future results. Investment returns and principal values will fluctuate. Actual client results may differ due to timing of investments, account restrictions, fees, and other variables. Curry Webb Wealth Management is independent of Charles Schwab, and no endorsement by Schwab is implied. Additional information about Curry Webb Wealth Management, including our advisory services, fees, and conflicts of interest, is available in our Form ADV Part 2A, which is available upon request or by visiting the SEC’s Investment Adviser Public Disclosure (IAPD) website.