Legacy Insights-April 2026

‍ ‍The Market Lens

‍ ‍Spring is here, and markets continue to navigate a landscape shaped by technological change, global headlines, and evolving economic conditions. Although short-term market conditions can get the talking heads going, it is the longer-term structural trends as investors we all need to track.

‍ ‍The elephant in the room—artificial intelligence. Our research team at LPL has been closely examining what A.I. could mean for the economy, financial markets, and the workforce—particularly at the entry level. Like the technological revolution of the early 1900s and the digital revolution of the late 1990s and early 2000s, periods of innovation have historically reshaped how work is performed. The current environment may follow a similar pattern. Early analysis suggests entry-level roles may experience the most disruption as businesses adopt AI-driven tools to improve efficiency. Over time, however, innovation has historically contributed to the creation of new industries, new roles, and increased productivity across the broader economy.

‍ ‍At the same time, global geopolitical developments continue to influence short-term market behavior. During periods of international uncertainty, investors often seek stability in highly liquid assets. Early market reactions surrounding recent Middle East tensions illustrate this pattern, with the U.S. dollar strengthening modestly and Treasury securities attracting investor demand. Historically, these movements reflect a common “risk-off” dynamic in which equity volatility rises, energy prices increase, and capital temporarily moves toward perceived safe-haven assets. These geopolitical events can drive near-term market fluctuations, long-term investment outcomes are typically driven by economic fundamentals, corporate earnings, and disciplined portfolio management. Perspective over headlines remains a vital part of navigating the market cycles.‍ ‍

Beyond the Balance Sheet

‍ ‍You can still make 2025 IRA or Roth IRA contributions up until April 15th, 2026 (or your tax filing deadline, if earlier).

‍ ‍Pivoting this month’s Beyond the Balance Sheet with the onset of March Madness, across the 70+ schools in the Power 5 conferences (Big Ten, Big 12, Big East, ACC, SEC) just 22 basketball players on scholarships have played for the same school all 4 (or 5) years, including just 1 player across all 16 SEC schools. Only 19 players have played for 4 schools in 4 years. Collegiate sports are in shambles with the transfer portal and NIL deals.

‍ ‍Inside Legacy‍ ‍‍ ‍

In March, our team celebrated 20 years of serving our clients, a milestone we are deeply grateful for. Nick was finding ways to cap off an unimpressive ski season with his boys. It was a short-lived winter, but there were plenty of warm sunny days to get out on the slopes and teach his young boys Mac and Wiley. Phil has been sidelined with knee replacement surgery for the last month but is gearing up for an active summer hiking and playing with his grandchildren, Wendy enjoyed keeping busy with the kids, they performed in a local production of the Jungle Book and started Soccer season. That’s all as we embark on spring, as always, we thank our clients for the continued confidence and wish all a very Happy Easter. ‍ ‍

Phil, Nick, and Wendy | Legacy Wealth Planning | 775-850-2500 | www.lwpreno.com

‍ ‍These views are those of the author, not of the broker-dealer or its affiliates. This material contains an assessment of the market and economic environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. All investments involve risk, including loss of principal. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied.