Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 04/21/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video

Items of Interest

“Life Happens….What Now?”

As we enter earnings season, much of our professional focus turns to portfolio positioning and what we should own within our models at Strong Tower. Markets continue to react to ongoing global tensions: conflict with Iran, questions of ceasefires, and the uncertainty surrounding the Strait of Hormuz. In many ways, it’s business as usual. There is always something to be concerned about, and as we know, markets rarely welcome uncertainty.

But today, I want to step away from the markets and talk about something more important: life and perspective.

Life is challenging.

It’s not always picture-perfect. It’s not picket fences and roses.

Life is hard. It is not Romper Room.

Aging parents or in-laws.

Children: activities, school, sports, braces and more braces. (see below).

Marriage: balancing schedules, responsibilities, finances, and making time for one another.

Family, friends, church… the list goes on.

You understand.

My oldest daughter was diagnosed with scoliosis at age 12. Since then, she has worn a brace 18+ hours a day. Even sleeping in it. She’s now approaching 17. I can tell you this: she is one of the strongest young women I know. Yes, I said women. It hasn’t been easy: physically or emotionally, but she continues to persevere with grace. She is also wearing braces on her teeth and will likely still have them for prom and all the pictures that follow. But through it all, God is good!! Last fall, she committed to swim at the University of South Carolina. Division I! An incredible accomplishment. I couldn’t be prouder of her strength, discipline, and spirit. The scholarship is a blessing, but seeing my little girl do what she loves is the real reward. She’ll be heading off to college next year. A new season… one I’m not quite ready to talk about just yet.

My son has a deep love for baseball. His energy and effort on the field have never been in question. He’s the first to greet a new pitcher on the mound, always encouraging, always inclusive. I only wish the world always returned that same kindness. It’s not easy watching him navigate those challenges, but it’s part of his journey. Maybe I push him too much? Maybe I want him to be a bit tougher than the surrounding world that has ideas of how to “beat him down” and try to wrestle, from him, the eternal life and glory that awaits him?

I remind him often, he’s growing into the man God intends him to be.

Strength, resilience, character and faith, are forged in these moments.

And then there’s my youngest. My “baby girl.” She loves to sing, dance, and play guitar. The songbird of our home. Eleven going on twenty. Maybe it’s because she is our last, or maybe it’s because I was the youngest in my own family. Regardless, those quiet mornings when she climbs into my lap are moments I hold tightly. I was always told it goes fast… and now I understand just how true that is. Three children who bless me every single day. A kind of grace I know I don’t deserve.

And my marriage. My wife. My life. Truly the strongest person I know. She is currently walking through the difficult transition of moving both of her parents into assisted living. Not far away, but no longer just across the road like they have been these past six years. I lost my own parents 12 and 9 years ago, so while I understand the weight of it, I also know that loss never fully fades. The road ahead is uncertain, but we walk it together.

Every family carries something. Each of us has our own “cross to bear.” I certainly have a small forest to keep moving. Some heavier than others, but none meant to be carried alone.

We need community.

We need each other.

To encourage. To support. To simply show up.

Sometimes it’s not about money or material help. Sometimes it’s a hug, a kind word, or a prayer that can move mountains in the Courts of Heaven. God is always working, in ways we may never fully see.

In the quiet moments, if we allow HIM to search our hearts, we can be stirred to act. To reach out. To listen. To serve. HIS “Call to Action”. Not driven by urgency, but by purpose.

This newsletter often focuses on markets and money. Not today.

Hold on to perspective.

Do what matters….while you still can.

Reach out to a parent, a sibling, a friend… even someone where the relationship may be strained. There may come a day when that opportunity is gone.

The markets will do what they do. Returns will come, some better than others. But they will come.

The question is: What truly matters today?

Because we are not promised tomorrow.

Have a blessed day!

- Husband. Father. Friend. Brother.

Current Strong Tower Model Allocation

Clients Only — Allocation as of 04/21/2026

Bottom Line:

• 55.00% of our model is currently in the top 4 Industry Groups.

• 92.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Strong Tower Assessment

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 04/14/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video

Items of Interest

As a reminder, at Strong Tower, we utilize both fundamental and technical data in the management of our clients’ portfolios. We use the services of Dorsey Wright & Associates, for some of our research, charting, market commentary and thought leadership. On that note, there was a great article this past week regarding the Masters. I would like to share that article with you.

A Lesson from Azelea: It’s Never All Roses

(Source: Dorsey Wright & Associates - 4/2/26)

If the 13th hole at ANGC, home of the Masters, isn’t the perfect golf hole, it is close. If it isn’t the most strategic hole at ANGC, it is close. And if a hole that is aptly named “Azalea” isn’t the most scenic on the golf course come early April each year, you need to have a long talk with the course superintendent. ANGC is unique as a golf course in many ways, and this is the time of year that avid golf fans can do a little more than just sit back and watch in awe. The par 5’s at Augusta, of which the 13th hole is one, are among the easiest holes on the course based upon scoring averages, and they are often the only holes that play under par. The 12th hole, by contrast, is the shortest hole on the course (listed at 155 yards) and is typically played over par by “the field.” In fact, the historical stroke average for this hole is above par at 3.27. It is sometimes among the most difficult holes on the course relative to par. But it is that first step off the slippery 12th green that concerns us today and will concern the best golfers in the world later this week, as this is when they head up to the final hole of what is affectionately referred to as “Amen Corner,” the aforementioned 13th.

In terms of coming in under par, the 13th at Augusta is among the “easiest” holes, if not the easiest, on the course, historically speaking. On average, the scoring on the 13th is under par at 4.77. But that doesn’t mean there aren’t some scary moments for the pros. When players get to the 13th at Augusta in today’s composite-fused, over-sized, extra-long, super-stiff, NASA-approved driver world, it isn’t the length of the hole that is daunting - almost every player in the field is capable of reaching the 510ish yard par-5 in two strokes. Rather, it is the combination of distance, a steeply sloping fairway, enough pine straw to choke a rake, and the most famous creek in golf (Rae’s) protecting a green that makes the Rockies look flat, that makes the 13th one of the most strategic holes in golf.

On the one hand, the green is easily reachable in two for a scratch golfer (distance-wise), if played well. On the other hand, some of the best golfers in the world have putted a ball off the green and into the creek (Tiger Woods in 2005). Before putting comes into play, a good tee shot is mandatory for a golfer to even think about the aggressive second shot that could ultimately lead to an eagle on the 13th. A wayward drive that lands in the trees or the pine needles makes going for the green a treacherous proposition with a low probability for success (just don’t tell Phil Mickelson). And even with a good tee shot, the second shot is one of pure strategy, a point-driven home like a John Daly slap-shot back in 2007. That same year, Tiger Woods had a remarkable eagle at 13 in the final round after hitting the green in two and caused perhaps the loudest roars of the tournament that year. Meanwhile, the eventual winner, Zach Johnson, chose not to attempt to reach the green in two shots a single time in the tournament, and as the sunset on Master’s Sunday, he was the one slipping on a new green blazer. Or who could forget when Bubba Watson, back in 2014, went on to claim his second green jacket after gaining plenty of momentum on 13. He blasted his drive over the trees and onto the fairway, then pulled out a sand wedge to plop it over Rae’s Creek and onto the green in two. He then birdied the hole. As you can see, number 13 at Augusta is quite simply a remarkable risk-reward hole that offers many ways to play it and many ways to fail.

Who’s Your Caddie??

At STWM, we utilize several types of research services to provide data analytics. We focus on fundamentally strong companies and sectors and use technical analysis to determine support and resistance levels, entry and exit points, to name a few. So, a fair comparison is: our research is our “caddie”. A caddie’s role is to support the golfer in making informed decisions and managing the course effectively.

Their responsibilities include but are not limited to:

1. Course management and strategy - Helps the player evaluate each shot (what is the “lie” of the ball? More on this later), considering distance, hazards, wind, terrain and overall strategy. They often recommend which club to use and the best approach to the hole.

2. Reading greens - On the putting surface, caddies assist in reading slopes, speed and break to help the golfer judge how a putt will roll.

3. Carrying and maintaining equipment - They carry the golf bag, keep clubs clean, managed yardage tools, and ensure everything is ready for each shot.

4. Providing perspective and composure - A good caddie helps the player stay focused and emotionally steady, especially after poor shots or during high-pressure moments.

5. Course knowledge - Experienced caddies bring valuable insight into the course layout, conditions and tendencies that may not be obvious to the player.

In short, a caddie acts as a combination of strategist, advisor and support system, helping the golfer make better decisions while the player ultimately executes each shot.

The “lie” refers to the position and condition of the golf ball at rest, and how it sits relative to the ground or surrounding environment.

Key aspects of a “lie”:

1. Surface – Is the ball in the fairway, rough, sand bunker, or another area?

2. Ball position – Is it sitting cleanly on top of the grass, buried, or uneven?

3. Surroundings – Are there obstacles like trees, slopes, or hazards affecting the swing?

Why it matters:

The “lie” directly influences club selection, shot type, and expectations for the outcome. A skilled golfer adjusts their strategy based on the lie rather than forcing an ideal shot. In simple terms, the “lie” is the reality of the situation you must play from, and the foundation for your next decision.

How does you or your current advisor determine the “lie” of the ball?

Do you know?

This market comment uses a golf analogy to explain how investors should approach uncertain markets.

The key message: Don’t abandon your strategy when conditions get difficult. Stay focused on fundamentals and make disciplined decisions based on current conditions.

Markets today are mixed:

• The S&P 500 is coming off strong performance but has recently stumbled.

• Leadership (like technology) has cooled in the short term.

• Some sectors are still performing well.

• External risks (like geopolitical tensions and energy prices) add uncertainty.

Like facing a tough second shot in golf, investors aren’t dealing with a perfect setup, but there are still multiple reasonable paths forward. The goal isn’t perfection (an “eagle”), but solid outcomes (a “par” or “birdie”) given the situation.

At STWM, we utilize several research and information sources to evaluate the “lie” of the markets.

They provide us with guidance and perspective.

They help us evaluate probabilities and conditions

Bottom Line:

Successful investing, like good golf, comes from discipline, preparation, and consistent decision-making, not waiting for ideal conditions or reacting emotionally to setbacks. Market environments are rarely “ideal,” and waiting for complete clarity may result in missed opportunities. Instead, a consistent, process-driven approach, supported by analytical tools and a relative strength strategy, can help make informed decisions under a variety of market conditions. Ultimately, success in investing, is framed as a function of discipline, prudent risk management, and adherence to a well-defined methodology, rather than short-term market timing or emotional reactions.

New Website!

Check out our new website!!

Strong Tower Wealth Management

Current Strong Tower Model Allocation

Clients Only — Allocation as of 04/14/2026

Bottom Line:

• 52.00% of our model is currently in the top 4 Industry Groups.

• 91.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Strong Tower Assessment

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 04/07/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video

Items of Interest

1st Quarter Index Returns:

Dow Jones -4.6%

S&P500 -3.6%

Nasdaq -7.1%

Takeaway:

Broad U.S. equities had their worst quarter since 2022.

Growth, particularly in the technology sector (NASDAQ) was hit hardest.

Blue-chip and value stocks (Dow) held up relatively better.

What Drove Q1 Weakness?

1. Interest Rates Repricing: Markets entered 2026 expecting multiple Fed rate cuts. Shift to “higher-for-longer” pressured valuations (especially tech).

2. Tech and AI Reset: “Magnificent 7” broadly declined. Investors questioned AI monetization vs. spending.

3. Geopolitical & Energy Volatility: Middle East tension and the US conflict with Iran, contributed to quickly rising oil prices. Added uncertainty with inflationary pressure.

4. Valuation & Positioning: Markets came into 2026 near all-time highs after strong 2025 gains. Profit-taking, along with, elevated equity exposure amplified downside movement.

Market Rotation (Important Theme):

Some notable shifts occurred.

Outperformers:

Industrials.

Energy.

Financials.

Defensive sectors.

Underperformers:

Mega-cap tech.

High-growth names.

YTD Path:

January–February: Mixed to slightly positive start.

February peak: Dow briefly +4% YTD and hit 50,000 milestone.

March: Sharp selloff across all indices drove negative Q1 returns.

Macro Backdrop:

1. Economy: Still resilient. Q1 earnings expected +10–13% YoY growth.

2. Inflation and the Fed: Inflation remaining “sticky “which is delaying rate cuts. Policy uncertainty supports increased volatility.

3. Bonds: Rising Treasury yields are typically a headwind for equities.

This does NOT appear to be a structural bear market…yet:

Earnings are still growing.

Economic data is still holding up.

More consistent with:

Normal market correction, not a structural downturn.

We are seeing a rotation into more traditional sectors like energy, financials, and industrials.

Periods like this are a healthy part of long-term investing.

What is notable:

Diversification struggled in Q1, which will usually favor a Relative Strength Investment Strategy.

Correlations rose across asset classes.

Meaning while correlations typically move in opposite directions, in this case, volatility and asset class correlations, moved together.

Bottom Line:

Markets are digesting: Higher rates. AI expectations. Geopolitical risk, not a collapse in fundamentals. Markets are adjusting, not breaking, and long-term fundamentals remain intact.

New Website!

Check out our new website!!

Strong Tower Wealth Management

Current Strong Tower Model Allocation

Clients Only — Allocation as of 04/07/2026

Bottom Line:

• 52.00% of our model is currently in the top 4 Industry Groups.

• 91.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Strong Tower Assessment

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 03/31/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video

Items of Interest

Question From a Client?

I am always appreciative and thankful for feedback and questions from clients and/or prospective clients. I thought this question was important enough to include in this week’s Newsletter and expand on more of the processes utilized here at Strong Tower Wealth Management (STWM).

“How long do we ride this downturn? Should we move to cash and re-enter when the market starts trending upward again?”

Great, great question! The short answer in most cases is no.

Market pullbacks, corrections, and periods of profit-taking are normal and healthy. Even spikes in the VIX (volatility index) are common. However, true capitulation and contagion represent a different and more serious environment.

Let’s take a closer look.

At STWM, we evaluate several key categories of data when assessing market conditions:

1. Fundamentals – The underlying health of companies, including earnings and revenue trends.

2. Technical Analysis – Support and resistance levels across individual securities, sectors, and the broader market.

3. Economic Data – Government reports, for example, such as CPI, PPI, and housing starts.

4. Geopolitical Factors – Domestic and international events that may impact markets.

5. Monetary Policy – Actions and guidance from the Federal Reserve.

These are among the most influential drivers of market behavior.

We’ve used this analogy before: when driving, how should you react if your car begins to skid? The correct response is to remain calm and gently steer into the skid, not to panic or overcorrect. And you certainly, don’t jump out of the car.

Markets behave similarly.

Often, when investors feel the strongest urge to “get out” and move to cash, markets are nearing a bottom or perhaps entering a consolidation phase. A period where prices move within a defined range. These periods can be important in establishing a base, and the longer they last, the more meaningful the eventual move, up or down, can be. If the market breaks higher, being overly defensive or in cash can result in missing a significant portion of the recovery before the trend becomes clear.

If markets move lower, that’s when capitulation and contagion risks may increase, and a more detailed evaluation becomes necessary.

This may involve:

1. Trimming or eliminating underperforming positions.

2. Reassessing sector exposure.

3. Identifying core holdings to retain during more challenging conditions.

A critical component of investing, often overlooked, is human behavior.

Behavioral finance studies how emotions and cognitive biases influence decision-making. Some of the most common include:

1) Loss Aversion: Losses tend to feel roughly twice as painful as gains feel rewarding.

2) Confirmation Bias: Seeking information that reinforces existing beliefs while ignoring opposing viewpoints.

3) Panic Selling: Selling during downturns out of fear, often associated with capitulation.

4) Fear of Missing Out (FOMO): Buying into rising markets to avoid missing gains, often near market peaks.

5) Herd Mentality: Following the crowd, which can amplify both market bubbles and declines.

6) Greed and Fear Cycle: Aggressive buying in strong markets and emotional selling in weak ones.

7) Irrational Exuberance: Overly optimistic, emotion-driven investing, commonly seen in market bubbles.

Bottom Line:

Markets are not driven solely by fundamentals, technical levels, economic data, geopolitical events, or Federal Reserve policy. They are also heavily influenced by investor sentiment and behavior. The most successful investors are not emotionless. They simply have disciplined processes in place to manage those emotions. Whether through a structured system or an actively engaged advisor, consistency and execution are key differentiators.

So, when markets enter a “skid,” our objective is to make measured adjustments, not overreactions. And we certainly don’t jump out of the car.

New Website!

Check out our new website!!

Strong Tower Wealth Management

Current Strong Tower Model Allocation

Clients Only — Allocation as of 03/31/2026

Bottom Line:

• 58.00% of our model is currently in the top 4 Industry Groups.

• 92.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Strong Tower Assessment

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 03/24/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video

Items of Interest

Key Insights on Markets and Conflicts

1. Equities (Stocks):

• Short-term: Often volatile, with sharp initial declines due to uncertainty.

• Medium/long-term: Can rebound, especially in defense, infrastructure, and technology sectors.

• Historical examples: WWII, Gulf War: markets recovered after initial shocks.

2. Government Bonds:

• Typically act as a safe haven, lowering yields during conflict.

• Inflationary pressures may rise in prolonged wars.

• Historical examples: WWII, Middle East conflicts.

3. Commodities:

• Oil & Energy: Prices often spike due to supply concerns.

• Precious Metals: Gold and silver generally rise as hedges.

• Agricultural Commodities: Volatility depends on conflict location and trade disruptions.

• Historical examples: 1973 Oil Crisis, WWII gold demand.

4. Real Estate:

• Usually stable or modestly declines in non-combat zones.

• Government infrastructure projects can create localized growth.

• Historical examples: London WWII, U.S. post-WWII reconstruction.

5. Currencies:

• Safe havens: USD tends to strengthen.

• Risk currencies: Those in combat zones or unstable regions may weaken.

• Historical examples: USD during WWII.

6. Overall Observations:

• Duration matters: Short wars typically cause limited disruption; long wars can reshape economies.

• Policy impact: Government spending, taxation, and monetary actions influence asset returns.

• Investor psychology: Fear and uncertainty often drive short-term volatility more than economic damage.

7. Volatility (VIX):

• Tends to rise before U.S. military action and decline afterward as outcomes become clearer.

• Suggests markets often “price in” conflict ahead of time.

8. Asset Class Performance:

• Emerging markets and crude oil often show notable gains post-conflict.

• Most other asset classes behave in line with historical expectations.

9. Context Over Fear:

• Markets are forward-looking; declines are usually driven by uncertainty.

• Historically, markets demonstrate resilience once outcomes are known.

Bottom Line:

Markets respond to uncertainty, not conflict itself.

Chart of Interest:

You Can’t Drive by Looking in the Rear-View Mirror

You can’t drive forward by looking in the rear-view mirror. While reviewing past market performance is useful, it should not dictate future decisions.

Investors should understand how their advisor plans to respond during the next market downturn. Markets are inherently unpredictable and can remain irrational for extended periods, which requires preparedness. It requires engagement and oversight. As the British economist, John Maynard Keynes said, “Markets can remain irrational longer than investors can remain solvent”, underscoring the importance of adaptability.

Like driving, there are times when conditions are clear and visibility is good. At other times, risks increases and conditions become more uncertain. While not all volatility can be anticipated, there are often observable indicators that warrant increased caution and adjustments. What is your advisor watching? Emotional reactions, such as exiting the market during downturns, can lead to missed recoveries. A common investor mistake. Overcorrecting in a curve, can wreck your vehicle and portfolio.

Strong Tower Wealth Management cannot predict market movements. However, portfolios are actively monitored and adjusted when market conditions change. This may include increasing cash allocations during periods of elevated volatility, providing flexibility and the ability to respond to opportunities. Or the best course of action is, no action at all.

Strong Tower does not follow a passive, static, “set it and forget it” allocation approach. Instead, we maintain a forward-looking, adaptive investment process that seeks to align portfolio positioning with changing market conditions.

A disciplined strategy involves adjusting exposure when conditions warrant, including raising cash to maintain flexibility. Effective investing requires ongoing evaluation, thoughtful adjustments and a commitment to staying focused on what lies ahead.

No strategy can guarantee outcomes. The focus remains on making informed, disciplined decisions and maintaining a proactive approach to portfolio management.

The “Other” March Madness

March often brings notable market volatility.

Historical examples include:

• Last year, the S&P 500 dropped over 5.5% in March before rebounding sharply in April after tariffs were imposed.

• Six years ago, it fell roughly 30% in March at the start of the COVID-19 pandemic.

• This week marks 17 years since the Global Financial Crisis market bottom in March 2009.

Warnings from TV personalities like Jim Cramer, who was quoted on October 6, 2008, saying, “Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.” Warnings like this, advising investors to pull money out of the market, helped some avoid further losses but many who exited completely missed the subsequent historic bull market, that began on March 9th, 2009. Similarly, panic-selling during the COVID crash led some investors to miss rapid recoveries. Anyone who shifted their entire portfolio to cash or bonds and maintained that long-term allocation did so to their detriment.

New Website!

Check out our new website!!

Strong Tower Wealth Management

Current Strong Tower Model Allocation

Clients Only — Allocation as of 03/24/2026

Bottom Line:

• 54.00% of our model is currently in the top 4 Industry Groups.

• 91.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Strong Tower Assessment

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 03/17/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video

Items of Interest

March Madness…. Don’t Go for the Pump Fake!

Pump Fake: In basketball, a pump fake is when a player fakes a shot to get a defender to jump off the ground. Then the offensive player drives or shoots after the defender has landed. In markets, it’s the same move when a stock or index surges, luring buyers in just before reversing sharply lower. The “shot” never comes. You left your feet, and now you’re out of position.

I played basketball in high school and was fortunate enough to attend college on a basketball scholarship. With the NCAA basketball tournament beginning, this week is one of my favorite times of the year for watching sports. Ironically, some of the “coaching” I received on the court, applies directly to what I do today.

Much like March Madness, the selection process mirrors a Relative Strength investment strategy. The NCAA selection committee doesn’t just pick the most popular teams. They rank teams systematically based on a variety of demonstrated performance criteria. Similarly, Relative Strength investing doesn’t chase headlines or hype; it ranks securities based on actual price performance relative to its peers.

The parallels are very compelling:

Overall win-loss record → A stock’s total return over a measured period. Has it been winning more than it’s been losing?

Strength of schedule → Has the stock held up in a tough market environment: rising rates, volatility, sector headwinds?

Quality wins → Strong performance during market rallies. Was it a leader, or laggard?

Bad losses → Sharp drawdowns that disqualify otherwise decent performers. One ugly loss can knock a team, or a stock, down the rankings.

Road wins → Gains made in unfavorable conditions. A stock that rises even when its sector is struggling stands out. Also called divergence.

Head-to-head results → How does this stock or fund rank directly against its peers in the same category?

Then we like to get involved in the Bracketology. What teams will we select, in the office pool to win it all?

If we pick our teams and players based on the data, choosing those teams we believe will give us the best chance to win the bracket pool. Why can’t your investments be selected the same way? What players, what stocks, with specific selection criteria, give us the best opportunity to be successful over time?

When playing basketball defensively and “closing out” on a shooter, after a skip pass or getting hung up coming off a screen, a clever scorer would often use a “pump fake” to get the defender off their feet. This would create space for an uncontested shot. Because of this, we were taught to close out under control and stay on the ground, rather than overcommit. In the same way, recently when oil prices spiked, the question became whether investors were overreacting too quickly. Essentially “chasing” the move rather than waiting for a clearer opportunity.

Granted, oil improved in 2025; however, for the last couple of years, oil has been an underperforming sector. Oil has underperformed considerably compared to Technology, over the long-term.

So, this poses a few questions:

• Is the volatility in the oil sector a “pump fake”? Is it just enough of a move to get us off our feet and out of position? Consider the price action over the last few weeks. Oil spiked from the mid-$60s to over $118, fell back to $77, climbed again to $102, and as of this writing sits at $93.58. That is not a calm, trending market. That is a market that has punished the undisciplined.

• Or is this a significant rotation into oil and out of other areas? This remains to be seen.

Short term volatility on economic and/or geopolitical news can unfortunately, affect the markets and distress many investors.

Bottom Line:

At STWM, we will continue to monitor the markets daily and our positions within the model.

We will adjust as we see prudent regarding market conditions.

We prefer to “stay on our feet” and not overreact to the situational aspects of the market.

We will stay with our game plan to evaluate the overall market, sectors and individual positions we maintain.

We intend to always keep the best players on the court/field with a working inventory of stocks (players on the bench) ready to adjust/replace, if warranted.

Enjoy the next few weeks of the NCAA basketball tournament. There will be surprises. A “Cinderella” team or two, will emerge that we all want to root for. However, the likelihood of a low seed getting into the Final 4 and winning it all, is not likely.

Although we all like to pull for the underdog, not so much when it comes to your money though, right? But do you want to put your money into a 15 or 16 seed? Or would it make more sense to invest in a top 1 to 3 seed?

Stay with strength and stay on your feet.

New Website!

Check out our new website!!

Strong Tower Wealth Management

Current Strong Tower Model Allocation

Clients Only — Allocation as of 03/17/2026

Bottom Line:

• 26.00% of our model is currently in the top 4 Industry Groups.

• 93.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Strong Tower Assessment

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 03/10/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video

Items of Interest

March Madness…..Don’t Go for the Pump Fake!

Coming next week!

Current Strong Tower Model Allocation

Clients Only — Allocation as of 03/10/2026

Bottom Line:

• 25.00% of our model is currently in the top 4 Industry Groups.

• 83.00% of our model is currently in the top 8 Industry Groups.

  ---

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Strong Tower Assessment

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 03/03/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video

Current Items of Interest

Iraq, Tariffs, the Fed and March Volatility

U.S. strikes on Iran over the last few days, triggered market volatility and investor uncertainty. Global markets reacted with weakness Monday morning and continued into Tuesday, as major domestic indices declined while energy and defense stocks moved higher on escalating tensions.

Last year, tariff related uncertainty contributed to a sharp rise in extreme daily moves, more than doubling the historical average. As we approach March again, tariffs have returned to the forefront of market discussion following a recent Supreme Court decision. Seasonal patterns combined with policy uncertainty may create heightened volatility.

Cooling inflation is strengthening the case for potential rate cuts. The latest Consumer Price Index (CPI) from the Bureau of Labor Statistics came in slightly below expectations at 2.4% year over year, helping lift market expectations for easing at the June 17 FOMC meeting. As prior tariff-related price pressures roll out of the 12-month calculation window, inflation readings may continue to moderate, further supporting the possibility of lower policy rates. Following the CPI release, rate-cut probabilities rose modestly, and fixed income markets responded positively. (Source: Dorsey Wright & Associates)

On average, March shows the second highest count of extreme days of any month at 5.82 days, behind only October, 6.74 days. (Source: Dorsey Wright & Associates)

“It’s ALWAYS about the Money!”

We’ve all heard it: “It’s not about the money.” In professional sports. In business. In investing.

But eventually, it is.

Investors do not commit capital to feel average. They do not invest to be categorized. They invest to grow their wealth responsibly and efficiently over time. For years, much of this industry has relied on risk questionnaires, personality grids, and pre-built pie charts. Clients are often placed into models, assigned an allocation, and handed a portfolio that looks remarkably similar to thousands of others.

Asset allocation has value. Risk alignment matters. Time horizon matters. Liquidity matters.

Models are starting points, not strategies.

Templates are tools, not solutions.

Comfort alone is not an investment objective.

Long-term, competitive, risk-adjusted returns are.

A Different Standard

Early in my career, I saw how advisors were trained to “fit” clients into personality categories and tailor presentations to close business. The emphasis was often on sales structure rather than investment substance.

I chose a different path.

This is what I do. I manage portfolios of individual stocks.

Here is how I do it. I review holdings daily. I make the decisions. I execute the trades. Your portfolio is not outsourced to a model or committee.

Here is why it matters. Direct management creates accountability. You know who is making decisions and why.

Here is what it costs. Clear, external advisory fees. Fully disclosed. No hidden internal expense layers typical of many packaged investment products.

Growth With Discipline

Let’s be clear: Pursuing results does not mean ignoring risk.

Investing should reflect a disciplined effort to seek efficient outcomes consistent with each client’s objectives, time horizon, and tolerance for volatility. It is not about chasing maximum returns without regard to downside exposure.

It is about refusing to settle for mediocrity disguised as prudence.

A comprehensive advisory relationship should include:

• A clearly articulated investment philosophy

• A defined methodology

• Transparent discussion of risks and variability

• Full disclosure of costs

• Ongoing communication and accountability

What Actually Drives Outcomes

At the end of the day, investing is not about colorful charts or industry “buzzwords”.

People save for stability. They invest for growth.

Achieving productive, risk-aware returns requires:

• Discipline — a repeatable process

• Engagement — continuous oversight

• Execution — decisive implementation

This profession is difficult.

Markets are competitive.

Generic templates are not enough.

Success comes from transparency, accountability, and a persistent focus on long-term results.

So yes, when all is said and done:

It becomes about the return.

It becomes about the money…. Your money!

Current Strong Tower Model Allocation

Clients Only — Allocation as of 03/03/2026

Bottom Line:

• 52.75% of our model is currently in the top 4 Industry Groups.

• 91.00% of our model is currently in the top 8 Industry Groups.

  ---

  About Us

  At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

  Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

  Schedule a Strong Tower Assessment

  ---

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 02/24/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video

There will be new content for The Wednesday Weekly next week.

Current Strong Tower Model Allocation

Clients Only — Allocation as of 02/24/2026

Bottom Line:

• 52.00% of our model is currently in the top 4 Industry Groups.

• 92.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Strong Tower Assessment

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 02/17/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video.

Current Items of Interest

Sector Rotation Update

Major tech firms, including Microsoft, Alphabet, Amazon, and Meta, are expected to spend over $600 billion on AI in 2026, requiring heavy investment in data centers, semiconductors, and energy systems. While this spending supports long-term AI growth, it reduces near-term financial flexibility, potentially limiting buybacks and increasing debt. As a result, capital has flowed toward infrastructure-linked sectors such as energy, industrials, and materials, which have led market performance year-to-date, while technology and related growth sectors have lagged. Overall, AI’s expansion still relies heavily on traditional industries, creating a meaningful rotation in sector leadership.

AI Infrastructure Beneficiaries by Sector:

Energy & Power Generation

Industrials & Electrical Infrastructure

Materials & Critical Inputs

Data Center Real Estate

The Case for Cutting Rates

Cooling inflation is strengthening the case for potential rate cuts. The latest Consumer Price Index (CPI) from the Bureau of Labor Statistics came in slightly below expectations at 2.4% year over year, helping lift market expectations for easing at the June 17 FOMC meeting. As prior tariff-related price pressures roll out of the 12-month calculation window, inflation readings may continue to moderate, further supporting the possibility of lower policy rates. Following the CPI release, rate-cut probabilities rose modestly, and fixed income markets responded positively. The Federal Reserve rate outlook has improved the backdrop for bonds, including the iShares US Core Bond ETF (AGG), which saw renewed demand for buying. While fixed income currently ranks weaker compared to equities on a relative strength basis, a more constructive rate environment could support performance, particularly in longer-duration bonds. Convertible bonds and long-duration global income strategies may be well positioned, as they could benefit from both falling yields and improving equity trends. Overall, moderating inflation and rising rate-cut expectations are creating a more favorable environment for selective opportunities within fixed income as 2026 progresses.

Volatility Clusters

Volatility clustering is a well-documented observation in financial markets where periods of high volatility tend to be followed by more high volatility, and periods of low volatility tend to be followed by continued calm markets. In other words, market volatility is not random through time, it tends to occur in clusters.

What volatility clustering looks like:

Quiet market environments often persist for months with relatively small daily price changes.

After a spike in volatility (economic crisis, policy surprise, geopolitical event), markets may experience extended stretches of large daily moves rather than a single volatile day.

These episodes can last weeks or even months before volatility gradually declines again.

Why volatility clusters occur:

Several behavioral and structural factors contribute:

Information flow: Major macro or policy uncertainty leads to repeated reviews of investment holdings by investors.

Leverage and risk management: Margin calls, deleveraging, and systematic risk controls can amplify sustained volatility.

Investor psychology: Fear and uncertainty cause “herding” behavior, increasing short-term price swings.

Liquidity conditions: During stress, reduced liquidity makes prices move more sharply, sustaining volatility.

Bottom Line:

Volatility tends to rise and remain elevated during market stress, so risk can remain higher than expected even after the initial decline. Risk-management approaches that adjust exposure during prolonged high-volatility periods may help moderate drawdowns, although they cannot eliminate risk. (Relative Strength combined with an executed Exit Strategy, can be of assistance here.) Periods of unusually low volatility may precede sudden market shifts, reinforcing the importance of diversification and disciplined allocation.

Current Strong Tower Model Allocation

Clients Only — Allocation as of 02/17/2026

Bottom Line:

• 52.00% of our model is currently in the top 4 Industry Groups.

• 92.00% of our model is currently in the top 8 Industry Groups.

  ---

  About Us

  At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

  Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

  Schedule a Strong Tower Assessment

  ---

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 02/10/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video.

Current Items of Interest

Recently, I was reading a book from Jordan Peterson, 12 Rules for Life, Beyond Order. For those that are not familiar with Dr. Peterson, he is a bestselling Canadian author, clinical psychologist, former university professor, and public speaker. Known for his work in psychology, personal development, and cultural issues.

He refers to Order and Chaos as it relates to the Chinese philosophy of the Ying and Yang. Opposite forces that are interconnected, balanced and constantly changing. You may have seen the picture of a black and white swirl (indicating constant movement and change. Others describe it as two dragons!) with a dot of the opposite color in each half, symbolizing that each force contains a piece of the other. In philosophy, the idea suggests that harmony comes from balance, not from eliminating one side or the other.

PNG ClipArt Images

So, I thought about how this “idea or theory” relates to the markets?

Order:

Represents structure, predictability, rules, and stability.

Systems dominated by order tend to be organized, repeatable, and easier to control.

Examples: laws, schedules, disciplined processes, long-term strategic planning.

Strength: reliability and efficiency.

Risk: rigidity, inability to adapt when conditions change.

Chaos:

Represents uncertainty, randomness, disruption, and change.

Chaotic systems are harder to predict but often drive innovation and transformation.

Examples: market volatility, technological breakthroughs, competitive disruption.

Strength: creativity, adaptation, discovery of potentially new opportunities.

Risk: instability, lack of direction, large, unexpected losses.

Order in Investing:

Order represents the rules, processes, and repeatable disciplines investors (or advisors) use to manage portfolios:

Asset allocation frameworks.

Risk management rules (position sizing, diversification, exit and defensive strategies).

Rebalancing.

Long-term investment plans tied to objectives.

Order helps investors:

Maintain consistency.

Manage/Control risk exposure.

Avoid emotional decision-making.

Stay aligned with long-term goals.

However, relying only on rigid rules can become problematic if market conditions shift significantly and strategies are not adjusted or do not have the flexibility to be adjusted.

Chaos in Investing:

Chaos reflects the unpredictable nature of markets:

Economic surprises.

Geopolitical events.

Sudden volatility spikes.

Market bubbles and corrections.

Rapid sector leadership changes.

Effective investment management typically combines BOTH:

Order: A disciplined framework for portfolio construction, allocation, and risk control.

Adaptability to chaos: Willingness to adjust exposures, reduce risk, or shift toward emerging opportunities when market conditions change.

In simple terms:

Discipline determines the plan; flexibility responding to the market, and most importantly, effective execution helps provide the desired outcomes.

Current Strong Tower Model Allocation

Clients Only — Allocation as of 02/10/2026

Bottom Line:

• 52.00% of our model is in currently in the top 4 Industry Groups.

• 93.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Strong Tower Assessment

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 02/03/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video.

Current Items of Interest

Process, Process, Process.

Nearly every advisor or planner talks about their investment process, but it’s worth taking a closer look at what that actually means.

Key questions clients should understand include:

• Who conducts the research?

• How are allocation strategies determined?

• How are percentage allocations set?

• Who decides what to buy or sell, and when?

• Just as importantly, who decides what not to buy or sell, and when?

• And ultimately, who is the decision-maker on your investment account?

In many cases, the answer to these questions is not the advisor you meet with regularly, but an external committee or third-party investment team. For some investors, this structure may be perfectly acceptable. For others, it may raise questions about accountability, flexibility, and how decisions are made, particularly during challenging market environments.

Recent years have been strong for financial markets, supported by factors, such as technological innovation, enthusiasm around artificial intelligence, and shifts in monetary policy. But markets do not always move in straight lines. When conditions change, the structure and discipline of an investment process can become especially important.

At Strong Tower Wealth Management, our approach is straightforward and transparent:

• We conduct the research.

• We determine allocation strategies and position sizes.

• We make the decisions regarding what to buy, sell, or hold, and when to take no action at all.

• And our clients speak directly with the decision-maker responsible for their investment portfolios.

While no process can eliminate risk or guarantee outcomes, clarity around who is making decisions, and how those decisions are made, can be an important part of building long-term confidence in an investment relationship.

Cut Your Losses…to Enhance Your Return

A disciplined trend-following, (or relative strength/momentum) methodology, is one of the most proven ways to cut losses faster and enhance long-term returns. Here’s why it works, and why it’s so hard for most investors to stick with:

1. Sell losers early (Risk Management first)

   Trend-based rules, like selling when an investment falls below a long-term moving average or breaks relative strength, forces you to exit deteriorating positions before losses increase. Small losses are recoverable; big losses are not.

2. Let winners run

   Rather than selling because something “feels expensive or overbought,” trend and relative strength strategies stay invested as long as price action confirms strength.

3. Remove emotion from decisions

   Fear and hope can be expensive. Rules-based methodologies replace “gut instinct” with objective buy or sell signals, helping investors avoid holding losers too long or selling winners too early.

4. Adapt to changing market leadership

   Markets rotate. What worked last year often doesn’t work next year. Relative strength approaches reallocate toward the strongest sectors, styles, or asset classes while avoiding persistent laggards.

5. Historically improves drawdowns

   Across decades of market cycles, disciplined trend-following has shown the ability to:

   Reduce maximum drawdowns

   Improve risk-adjusted returns

   Shorten recovery times after bear markets

Bottom line:

Cut risk when trends weaken. Add exposure when strength persists.

That combination: loss control plus participation in upside trends, is what enhances returns over full market cycles, even if it means being early on exits or late on entries from time to time.

Current Strong Tower Model Allocation

Clients Only — Allocation as of 02/03/2026

Bottom Line:

• 51.00% of our model is in currently in the top 4 Industry Groups.

• 96.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Strong Tower Assessment

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 01/27/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video.

Current Items of Interest

2025 Market Performance Summary

U.S. equity markets posted solid gains in 2025, with all three major indexes finishing the year higher.

Dow Jones +13.0%

S&P 500 +16.4%

Nasdaq +20.4%

(Reuters)

Performance was supported by continued economic growth, resilient corporate earnings, and easing inflation pressures, though market volatility was persistent. During the fourth quarter of 2025, all three indexes generated positive returns, contributing to full-year performance but at a slower pace than earlier in the year. While market returns in 2025 were positive, results varied by sector and investment style.

It is this last point that I will provide further comment on: “Results varied by sector and investment style….”

What is Sector Dispersion?

Dispersion refers to the spread of returns across individual stocks, sectors, or asset classes within the market.

High dispersion = big differences between winners and losers.

Low dispersion = most stocks moving together.

Why it matters:

When dispersion is high, active management and security selection tend to have more opportunity, because performance differences are wider. When dispersion is low, index-like or passive approaches often look better since everything is moving together.

Divergence can signal:

Narrow leadership

Changing market dynamics

Potential trend changes or increased volatility

The gap between the strongest and weakest areas of the market, has historically been wide. This dispersion creates opportunities for disciplined, relative strength-based sector allocation strategies to add value beyond traditional buy-and-hold approaches. Long-term analysis demonstrates that allocating toward stronger sectors has historically had a greater impact on outcomes than perfectly timing the overall market, reinforcing the importance of sector rotation within a diversified portfolio.

Diversification and disciplined investment strategies remain important, regardless of market environment.

Bottom Line:

Back to one of our original three questions.

2. Why Do You Own, What You Own?

With wide spreads on the performance between the strongest and weakest performing investments in your allocation, why do you own then? Maybe it’s time for you to check with STWM and see where your investments fall within our Relative Strength strategy?

Current Strong Tower Model Allocation

Clients Only — Allocation as of 01/27/2026

Bottom Line:

• 49.00% of our model is in currently in the top 4 Industry Groups.

• 96.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory assessment with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Strong Tower Assessment

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 01/20/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video.

3. Do You Know What You're Truly Paying for Your Investment Management and advice?

During extended periods of strong and resilient market performance, the impact of investment management and advisory fees may not always be top of mind. However, fee awareness becomes increasingly important during periods of market stress or prolonged downturns. Over time, even seemingly modest differences in fees, such as an additional 1% annually, can materially affect portfolio growth. When compounded over many years, higher fees may result in meaningfully lower investable assets and reduced long-term outcomes.

Let’s talk about the typically internal and external fees with most investment accounts, particularly within mutual fund portfolios.

Current Items of Interest

Internal and External Management Fees

Mutual fund costs generally fall into two categories: internal expense fees and external management fees, both of which affect an investor’s overall return.

Internal expense fees (expense ratio) are built into the mutual fund and deducted directly from fund assets. These fees cover portfolio management, day-to-day operations, recordkeeping, compliance, custodial services, transfer agent services, and, if applicable, distribution or marketing costs such as 12b-1 fees. Because they are deducted internally, investors do not receive a separate bill, but these costs reduce performance over time.

External management fees are charged separately by an advisor or investment firm for managing an investor’s overall portfolio. These fees typically compensate the advisor for asset allocation, investment selection, monitoring, rebalancing, risk management, and financial planning services. External fees are usually assessed as a percentage of assets under management and billed periodically to the investor, not deducted from the mutual fund.

Why it matters:

Investors working with an advisor may pay both internal and external fees, making it important to evaluate costs on an “all-in” basis. Even modest fee differences can have a meaningful impact on long-term results.

Key takeaway:

Internal fees pay for the operation and management of the mutual fund itself, while external management fees pay for personalized advice and portfolio-level oversight. Understanding both provides a clearer picture of the true cost of investing.

STWM only charges an external fee for our investment management, oversight, and planning.

The January Barometer

The January Barometer suggests that the stock market’s performance in January sets the tone for the rest of the year:

• If the market finishes up in January, the full year is more likely to end positive

• If January is down, the odds of a weaker or negative year increase

  • The average return for years starting with a positive January is +16.9% for the year.

  • The average return for years starting with a negative January is -1.74%.

The concept was popularized by the Stock Trader’s Almanac, which tracked that historically, when January was positive, the S&P 500 finished the year higher, a majority of the time.

The fine print…

It’s a market tendency, not a rule.

January can be heavily influenced by:

Year-end tax positioning.

Institutional rebalancing.

New capital flows at the start of the year.

There have been plenty of exceptions (strong Januarys followed by weak years, and vice versa).

Current Strong Tower Model Allocation

Clients Only — Allocation as of 01/20/2026

Bottom Line:

• 50.00% of our model is in currently in the top 4 Industry Groups.

• 94.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory meeting with Brett to discuss your financial goals and learn more about how we can support you.

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 01/13/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video.

2. Why Do You Own, What You Own?

Whether you are new to investing, currently investing, or evaluating how your retirement assets are managed, it is important to understand the different investment strategies and options available. Below, we will take a closer look at a couple of commonly used approaches to help provide context around how portfolios may be constructed and managed.

Current Items of Interest

Re-Balancing

You have probably heard the term “rebalancing” mentioned in conversations with a financial advisor. It is often described as something that occurs periodically, annually or at set intervals with the intent of rearranging or reallocating an investment portfolio.

Rebalancing is commonly defined as:

• Realigning investments back to an intended target allocation over time.

• Trimming positions that have grown larger and reallocating to those that have lagged. Maintaining alignment with a predefined investment plan.

• These definitions are widely accepted within the investment industry. The natural follow-up question, however, is why this approach is used.

Why rebalance at all?

Traditional rebalancing is generally intended to:

• Maintain a consistent risk profile.

• Prevent portfolio allocations from “drifting” too far from their original design.

• Enforce a disciplined, rules-based approach.

This framework can be appropriate for many investors, particularly those focused on long-term asset allocation and risk control. However, it also assumes that all asset classes should be maintained regardless of relative performance or market conditions.

A different perspective:

At Strong Tower Wealth Management (STWM), we approach portfolio management differently.

Our strategy is built around relative strength and momentum analysis, which seeks to identify areas of the market demonstrating sustained strength. When those areas are identified, portfolios may be overweighted toward them, with the intent of participating in those trends for as long as the data supports doing so. As a result, we do not automatically trim strong or healthy positions simply to reallocate capital to weaker or underperforming areas. Instead, portfolio adjustments are made as market leadership and conditions change.

From our perspective, “staying aligned with the plan” means remaining invested in areas of relative strength while being willing to adjust exposure as market trends rotate.

Rebalancing and new client funds:

Another important distinction involves how new client assets are introduced into our portfolios.

Many firms allocate new funds into their models immediately, regardless of broader market conditions. At STWM, we take a more individualized approach.

When a new client comes on board, we evaluate overall market conditions and determine how and when capital should be deployed. If markets appear extended or overbought, initial allocations may be more conservative. Conversely, during periods of heightened volatility or market weakness, we typically increase your deployment of cash.

Bottom Line:

This approach may seem like a small distinction, but implementation matters. Deploying capital during periods of elevated market risk can impact near-term results, particularly if markets experience normal pullbacks or increased volatility. Likewise, disciplined deployment during periods of market pullbacks and downturns has historically provided more favorable entry points. While relative strength investing is not designed to predict markets, at STWM we believe it is prudent to consider market conditions and risk levels when allocating capital. Our focus remains on process, discipline, and risk management, not short-term market forecasting.

Target Date Funds

A target date fund (TDF) is an investment fund designed to manage your portfolio automatically over time based on a specific retirement year. Target date funds gradually shift from a growth-oriented mix of investments to a more conservative mix as the target retirement date approaches. A TDF can be made up of multiple stock and bond mutual funds or ETFs and is usually rebalanced automatically and adjusted over time.

Why do people use them?

Simplicity. Utilizing the strategy that one fund, will automatically adjust and a hands-off management process, so there is no need to rebalance. It is commonly used as a default option in most 401(k) plans.

Bottom Line:

A target date fund is designed for convenience, not customization. It can be a reasonable solution for investors who want a simple, automatic approach, but it may not be ideal for those who want flexibility, risk management, or a strategy that adapts to changing market conditions. STWM does not utilize target date funds in our strategies.

Current Strong Tower Model Allocation

Clients Only — Allocation as of 01/13/2026

Bottom Line:

• 50.00% of our model is in currently in the top 4 Industry Groups.

• 96.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory meeting with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Meeting

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 01/06/2026

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying for your investment management and advice?

If you can’t answer these three questions, watch this video.

As mentioned in earlier Newsletters, we are going to spend time, expanding our explanations and “drilling” down into the 3 questions, that as investors, everyone should want to know:

1. What Do You Own?

Now is the time to ask yourself this question. The markets have continued to be uncharacteristically strong for an extended period.

What happens when they are not? How will your current strategy be affected if you are not overweighted or allocated in the stronger more favored sectors?

Is raising cash ever been a part of your investment strategy conversations? Markets have volatility. Sectors rotate in and out of favor. Will you be ready?

Current Items of Interest

The 80/20 Rule

While many investors may not be familiar with the Pareto Principle by name, the concept is commonly understood as the 80/20 Rule: the observation that a smaller portion of inputs often accounts for a larger portion of outcomes.

In the context of investing, particularly when using a relative strength or momentum-based framework, this concept can be applied to market leadership. At various points in time, market returns may be driven by a relatively narrow group of sectors or securities. By emphasizing exposure to areas of the market demonstrating stronger relative performance and reducing exposure to weaker areas, this approach seeks to participate in prevailing market trends. Sector leadership can change, and allocations are subject to ongoing review and adjustment based on market conditions.

Top-Down Investing vs. Bottom-Up

At STWM, we utilize a top-down investment approach, beginning with an analysis of overall market conditions. From there, we identify areas of relative strength, narrow our focus to broad market sectors, then to sub-sectors, and ultimately to individual security selection. We do not emphasize a bottom-up approach that starts with individual company financials. While some companies may appear attractive on a standalone basis, sector and market conditions can influence performance. When a sector is experiencing unfavorable conditions, companies within that sector may face headwinds regardless of individual fundamentals.

Our process seeks to align portfolios with favorable market and sector trends while avoiding areas showing sustained weakness. We actively monitor sector participation and price behavior, as increasing demand within a sector may signal improving conditions. Sectors demonstrating renewed strength may be evaluated for addition into our investment models. This approach is designed to remain adaptable to changing market conditions.

Current Strong Tower Model Allocation

Clients Only — Allocation as of 01/06/2026

Bottom Line:

• 50.50% of our model is in currently in the top 4 Industry Groups.

• 93.50% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory meeting with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Meeting

Happy New Year!

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 12/31/2025

The Strong Tower Difference

Ask Yourself…

1. What Do You Own?

2. Why Do You Own, What You Own?

3. Do You Know, What Your Truly Paying for Your Investment Management and advice?

If you can’t answer these three questions, watch this video.

Current Strong Tower Model Allocation

Clients Only — Allocation as of 12/31/25

Bottom Line:

• 50.0% of our model is in currently in the top 4 Industry Groups.

• 93.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we provide comprehensive wealth management through a goal-driven, holistic approach that considers your complete financial picture - your family, circumstances, goals and dreams. We offer asset management, insurance, and estate planning solutions with the transparency and resources typically reserved for the ultra-wealthy. Not a client yet? Schedule an introductory meeting with Brett to discuss your financial goals and learn more about our services.

Schedule a Meeting

Happy New Year!

Brett Lewis
Founder/Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 12/23/2025

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you’re truly paying, for your investment management and advice?

If you can’t answer these three questions, watch this video.

Current Items of Interest

What Will Your Advisor Do the Next Time the Market Sells-off??

You can’t control the markets—but you can manage risk.

How?

By understanding what you own, why you own it, and how your portfolio is managed during periods of market stress. That requires attention—either from you or from your advisor.

During periods when markets move beyond normal ranges of volatility—such as exceeding a ±1 standard deviation (and notably during extreme events like the 2008 financial crisis or the COVID-19 selloff, when volatility reached well beyond ±3 standard deviations)—important questions should be asked:

What process is in place to manage risk or raise cash when volatility increases?

Are there defined exit or risk-management strategies designed to help reduce portfolio volatility?

How is downside risk addressed when market conditions change?

In the coming weeks, we will expand on three key questions every investor should consider:

What Do You Own?

Do you hold asset classes or individual positions that have consistently underperformed or detracted from long-term results?

Why Do You Own What You Own?

What is the rationale for maintaining certain investments if they have not demonstrated effectiveness within a long-term strategy?

Do You Know What You Are Truly Paying, for Your Investment Management and Advice?

Strong markets can mask areas of underperformance within an asset allocation. When markets become more challenging, the value of process, discipline, and risk management becomes more apparent.

* What is your advisor’s plan during the next market sell-off?

* Is there a defined framework for decision-making during periods of elevated volatility?

Remaining engaged—such as modestly increasing cash allocations, trimming positions, or harvesting gains—may help reduce portfolio volatility during certain market environments. Many traditional asset allocation models remain fully invested throughout all market conditions, regardless of risk levels, because that is the standard approach across much of the industry.

The next time you feel that “something” could have been done to help reduce downside risk, it may be worth revisiting the strategy and process behind your portfolio.

We invite you to have a conversation with Strong Tower Wealth Management to better understand how your portfolio aligns with our disciplined and adaptable, risk-management investment process.

Current Strong Tower Model Allocation

Clients Only — Allocation as of 12/23/25

Bottom Line:

• 72.0% of our model is in currently in the top 4 Industry Groups.

• 95.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory meeting with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Meeting

Merry Christmas!

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 12/16/2025

The Strong Tower Difference

Ask Yourself…

1) What do you own?
2) Why do you own what you own? (Video Link)
3) How much and how long are you paying for your investment management and advice?

If you can’t answer these three questions, watch this video right away.

Current Items of Interest

The January Effect

The January Effect is a seasonal market pattern where stocks—especially small caps—often rise more than usual in January due to year-end tax-loss selling reversing, new investment inflows, and refreshed investor sentiment. The effect still appears at times but has become weaker in modern markets. (AI Summary)

The Fed Rate Cut

The Fed cut rates by 25 bps, and its updated projections show little change, signaling only limited additional easing next year unless economic conditions shift. Markets reacted mixed, with initial gains followed by weakness as expectations for further rate cuts softened. Equity participation remains healthy, but reduced prospects for easing introduce a new potential risk to sentiment. A leadership change at the Fed next year could also influence the future policy path. (DWA Commentary/AI Summary)

Current Strong Tower Model Allocation

Clients Only — Allocation as of 12/16/2025

Bottom Line:

Financial markets delivered solid performance in 2025, with large-cap equities continuing to lead overall returns. Small-cap stocks also posted strong gains and demonstrated improved relative strength, particularly in the second half of the year. While declining interest rates have been cited as a potential tailwind for small-cap performance, recent market behavior suggests that rate movements alone have not been the primary driver of relative returns. Large caps remain the dominant segment of the equity market; however, the recent momentum in small caps warrants ongoing evaluation. If sustained, small-cap equities may serve as a complementary allocation within diversified portfolios as investors look ahead to 2026.

• 69.50% of our model is in currently in the top 4 Industry Groups.

• 95.00% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we provide comprehensive wealth management through a goal-driven, holistic approach that considers your complete financial picture - your family, circumstances, goals and dreams. We offer asset management, insurance, and estate planning solutions with the transparency and resources typically reserved for the ultra-wealthy. Not a client yet? Schedule an introductory meeting with Brett to discuss your financial goals and learn more about our services.

Schedule a Meeting

Merry Christmas!

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com

Welcome to our weekly market update. This newsletter is designed to provide you with current market data, investment insights, and educational information about market trends and strategies. The content herein represents our observations and analysis of market conditions and is intended for informational and educational purposes only. It does not constitute personalized investment advice or a recommendation for any specific security or strategy.

Major Market Indexes

Closing Price as of 12/9/25

The Strong Tower Difference

Ask Yourself…

1. What do you own?

2. Why do you own what you own?

3. Do you know what you're truly paying for your investments?

If you can’t answer these three questions, watch this video right away.

Current Items of Interest

Four in a Row??

The U.S. stock market has experienced multiple years of strong returns. Notably, the S&P 500 achieved four straight years of positive performance. Historically, such extended streaks are considered exceptional and typically followed by periods of moderation or volatility.

Strategies to Consider

Investors are naturally concerned about when the next market shift may occur. At Strong Tower, we prepare for multiple potential market environments rather than attempting to predict a single outcome. Our focus remains on sector positioning overweighting stronger sectors and underweighting or avoiding weaker ones.

Market Scenarios and Strategy

Below we present three possible scenarios of where the markets may go and how our investment strategies will respond.

1. Continued Market Growth

• Maintain current sector weightings

• Adjust allocations as sector performance shifts

2. Moderate to Flat Market

• Rotate sector exposures as trends change

• Increase cash positions where opportunities arise

3. Market Weakness or Declines

• Emphasize cash to limit downside risk amid rising volatility

• Avoid heavy investments; allow market rotations to develop

Summary

Our strategy is adaptive, prioritizing sector strength while maintaining flexibility to respond to changing market conditions.

Current Strong Tower Model Allocation

Clients Only — Allocation as of 12/9/25

Bottom Line:

• Continued strength in Technology/Financials/Consumer Cyclicals from a weak November.

• Further improvement in Healthcare with continued weakness in Energy/Real Estate/Non-Cyclicals.

• 70.10% of our model is in currently in the top 4 Industry Groups.

• 93.52% of our model is currently in the top 8 Industry Groups.

About Us

At Strong Tower Wealth Management, we offer comprehensive wealth management services using a goal-focused and holistic approach that considers each client’s overall financial situation, including their family, circumstances, and objectives. Our services include investment management, insurance planning, and estate planning coordination, provided with an emphasis on clarity and transparency.

Not a client yet? We invite you to schedule an introductory meeting with Brett to discuss your financial goals and learn more about how we can support you.

Schedule a Meeting

Merry Christmas!

Brett Lewis
Founder / Managing Director
Strong Tower Wealth Management
www.strongtowerwealthmanagement.com