CIO Vantage Point | April 2026

"Buy when the cannons are firing, sell when the trumpets are blowing" - Nathan Mayer Rothschild

The U.S.’s military excursion into Iran has jolted the globe’s markets and the bottleneck in the Strait of Hormuz choking off crucial oil supplies has increased the general sense of unease.

It may seem callous to consider investment risk and opportunity amid such human tragedy, but this is Withum Wealth Management’s important responsibility as caretaker of our client’s financial assets.

Investors have for centuries sought to profit during times of conflict. Sad to say, one could even make the case that war is bullish. Nathan Mayer Rothschild was the founder of the British branch of the legendary Rothschild merchant banking dynasty and London’s preeminent financier in the early 19th century. He built up a private network of carrier pigeons and couriers during the Napoleonic Wars, which allowed him to capitalize handsomely. Times have certainly changed as today’s news travels instantly. It is also possible for investors to assess the impact of an event the moment it happens. Just observe the recent trading action in crude oil where algorithms perform all the guess work in milliseconds. Regrettably, there also seems to be lots of insider profiteering going on in advance of market moving news. Some things never change.

The views expressed in this commentary are those of the author and may not reflect those of the firm. Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Withum Wealth Management [“WWM”]), or any non-investment related content made reference to directly or indirectly in the presented material(s) will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this presentation serves as the receipt of, or as a substitute for, personalized investment advice from WWM. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her /their individual situation, he/she/they is/are encouraged to consult with the professional advisor of his/her/their choosing. WWM is neither a law firm nor a certified public accounting firm and no portion of the presented material(s) should be construed as legal, accounting or consulting advice.

Downloads

CIO Vantage Point | April 2026

The U.S.’s military excursion into Iran has jolted the globe’s markets and the bottleneck in the Strait of Hormuz choking off crucial oil supplies has increased the general sense of unease. It may seem callous to consider investment risk and opportunity amid such human tragedy, but this is Withum Wealth Management’s important responsibility as caretaker of our client’s financial assets.