For 15 years, buying the dip worked.
That conditioning may now be a liability.
Defensive sectors are leading.

Growth multiples are compressing. For more than a decade, markets rewarded a simple discipline: buy the dip. It worked. But leadership is rotating. Growth multiples are compressing. Defensive sectors are leading. Financials aren't responding to favorable backdrops. Gold is rising. Bitcoin isn't acting like digital gold.

This doesn't automatically signal collapse and we don't think there is any reason to panic. But it does raise a more important question: Is the environment that rewarded dip-buying still intact?

In this episode of Fundamentals of Investing, we discuss:
• Multiple compression in growth stocks
• Why defensive sectors are leading
• Interest rate uncertainty
• The cost of sitting in cash
• Managing concentrated stock exposure
• Why we're prioritizing predictability and durability If you manage meaningful capital, this is a timely conversation.

Register for our March 31 Strategic Adjustments Briefing: https://go.levitate.ai/?s=0d6fRcNnpH&source=event

Download our Income Securities Guide: https://leftbrainwm.com/income-securities

Schedule time to discuss your plan for this market with us: https://m.levitate.ai/67de35-5f2c7t/30-minute-meeting-virtual-For-New-Prospective-Clients

Visit our website at https://leftbrainwm.com

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Executives often focus on salary when evaluating offers. But real wealth (and potentially
real risk) usually lives in the equity package.

In this episode, Brian Dress and Noland Langford unpack how to evaluate job offers through a strategic lens, helping leaders avoid costly missteps and uncover long-term value.

Key Topics:

• Why equity comp is often misunderstood, even by seasoned execs
• How to compare offers with RSUs, options, and performance shares
• The biggest blind spots when changing jobs
• Timing and tax insights few people catch

📘 Download our Executive's Guide to Company Stock

📅 The best time to call us is when you're thinking about a move, not after you've already resigned. Book a Strategy Call

🔔 Subscribe for more executive wealth strategies.

Strong results, soft reactions.

In this month's Jarvis Update, CIO Noland Langford and Director of Research Brian Dress review Q3 earnings trends, consumer weakness, AI infrastructure growth, and what executives should evaluate as year-end approaches.

Links:

• Download the Executive Stock Compensation Guide
• Download the Income Securities Guide
• Schedule a Portfolio Review