As we reach the halfway point of what’s proven to be an eventful and often unpredictable year, we want to take a moment to reflect on your investment plan and share our perspective on what’s unfolded so far—and more importantly, how we’re continuing to steward your long-term goals. 

At Clarity Wealth, our work is always grounded in timeless principles. These beliefs remain unchanged regardless of what’s happening in the markets, the economy, or the headlines: 

• We are goal-focused, plan-driven, long-term investors. Your portfolio is designed with intention—aligned with your most important life goals—not driven by market forecasts or economic speculation. 
• We do not attempt to time markets or predict economic cycles. History and experience tell us that consistent long-term success in equity investing comes not from reacting to short-term events, but from staying fully invested and allowing compounding to do its work. 
• We embrace market volatility as an expected part of the journey. Periodic declines are normal, and while they can be uncomfortable in the moment, they’ve always proven to be temporary. In the meantime, reinvested dividends and disciplined rebalancing continue to work quietly on your behalf. 

Now, a few thoughts on the first half of the year: 

You wouldn’t be alone if you looked at the markets on January 1 and again on June 30 and thought, “Not much happened.” In reality, a lot did. The S&P 500 reached an all-time high in February, only to fall nearly 19% by early April during a brief but sharp panic following unexpected tariff announcements. That anxiety proved short-lived, and the market largely recovered by early summer as policy fears faded and economic data remained resilient. 

Moments like this remind us why discipline matters. Our advice during the volatility was the same as always: stay the course and trust the plan. That remains our guidance for the second half of the year—not because we know what’s coming next (we don’t), but because the principles we follow have stood the test of time. 

We believe the businesses you own—industry leaders with strong balance sheets and long-term growth potential—will continue to innovate, adapt, and reward shareholders through earnings growth and rising dividends. That’s the engine behind your plan’s long-term success. 

Market panics may come and go, but the fundamentals of investing don’t change. Our role is to help you navigate uncertainty with confidence and clarity—and we’re honored to do just that. 

As always, please don’t hesitate to reach out with questions, concerns, or just to connect. We appreciate your trust and are grateful for the opportunity to serve you and your family. 

Wells Fargo Advisors Financial Network does not provide legal or tax advice.  

Be sure to consult your own tax advisor and investment professional before taking any action that may involve tax consequences.  Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN), Member SIPC. Clarity Wealth is a separate entity from WFAFN. PM-01302027-8238853.1.1