Ulin & Co. Wealth Management

04/19/2026

The Record Stock Market Rests on Some Big One-Offs -There are two significant reasons earnings expectations have soared—and they are both probably temporary

There are two significant reasons earnings expectations have soared—and they are both probably temporary.

04/18/2026

Top 20 Personal Rules That Compound Over Time

Most outcomes in life are not luck. They are direction plus consistency. JWU

04/17/2026

Buttons Ulin, Chief Morale Officer (CMO). 🐾
Benjamin is pleased to report a strong week on Wall Street.

Nearly 4% gains for both the DJIA and S&P 500 have improved office tail-wagging sentiment. 📈

He is also cautiously optimistic about signs of potential de-escalation overseas. Less uncertainty tends to make everyone sleep better.

Benjamin’s leadership philosophy is simple:
• Stay disciplined
• Ignore short-term noise
• Focus on long-term outcomes
• Accept treats when offered

Markets move fast. Emotions move faster. Your plan should move neither.

Benjamin remains available for consultations, belly rubs, and perspective when you stop by and visit Ulin & Co. Wealth Management, ulinwealth.com

04/16/2026

War Headlines and Investor Psychology: Three ways to protect your portfolio from your own behavior and brain.

Last Tuesday night, markets faced an 8pm deadline tied to exponential military escalation against Iran. Some investors sold into fear. By the next morning, markets rallied nearly 3% -as the market continues to rally into this week.

History shows most geopolitical shocks create temporary market declines averaging about 4% to 5%. The bigger risk is often emotional decision making at the worst possible time.

Fear feels new every cycle. Markets have seen it before. Check out our recent newsletter from Ulin & Co. Wealth Management on war and wallstreet and give us a call if you have any questions or would like to disucss your wealth managment and planning strategy. https://ulinwealth.com/iran-and-the-strait/

04/15/2026

As part of the so-called "Silver Tsunami," around 41% of all privately owned businesses in the United States are owned by Baby Boomers.

70% of these owners will transition out of the business in approximately the next decade.

Legal, tax and financial advisors for these Baby Boomer Business Owners (BBBOs) face a unique set of estate planning challenges that require specialized strategies to protect their clients' accumulated wealth

Samuel M. DiPietro of Spencer Fane discusses unique estate planning challenges of business owners of the Baby Boom generation, to protect accumulated wealth, minimize tax exposure and ensure successful transition of the business to future generations.

04/13/2026

Iran War Tests Portfolios and Psychology: Rising Gas Prices and Inflation Risk (ULIN) - -- If you hit the panic button last Tuesday and moved to cash ahead of the U.S. 8pm deadline warning that Iran must reopen the Strait of Hormuz or face military action, you likely sold into fear. By Wednesday, markets reversed after news of a two-week ceasefire announced just before the deadline.

Nothing about long-term earnings changed in 24 hours. Revenues did not change. Balance sheets did not change. Retirement projections did not change. Only perception changed. War spending can act as short-term stimulus for defense and industrial sectors. A sustained Iran conflict could add roughly $20B per month in incremental outlays on top of the approximately $1T annual U.S. defense budget. (DOD). At the same time, disruption risk to crude supply routes through the Strait of Hormuz could pressure energy prices higher at the pump, adding potential upside risk to inflation.

Hold On! Our base case, even if tensions had escalated, was not to make sudden adjustments to diversified portfolios. History shows markets usually treat wars, policy shocks, and geopolitical conflicts as temporary disruptions rather than lasting damage to economic value.

Across more than seventy years of market history, geopolitical events have typically produced contained drawdowns averaging about 4% to 5%, with markets often bottoming in roughly 18 days and recovering in about 39 days, as highlighted in our recent newsletter Iran and the Strait that Moves Markets.

Sell Everything! We received several calls this past week from newer clients feeling uneasy as war rhetoric intensified out of Washington. Volatility is the price of admission. That idea feels very different when headlines turn urgent and portfolios move in real time.

Jon here. One of the most dangerous asset classes is not stocks. It is your brain. To paraphrase Buffett’s well-known advice “to buy when others are fearful,” the stock market has a long history of transferring wealth from the impatient to the patient.

check out Ulin's timely read and charts - where we go next and how to prepare.

Rising Gas Prices and Inflation Risk If you hit the panic button last Tuesday and moved to cash ahead of the U.S. 8pm deadline warning that Iran must

04/11/2026

Inflation Soared to 3.3% in March, Driven by Higher Gasoline Costs. The first major inflation report since the Iran war began, came in at its hottest level in two years.

Supply side energy fertilizer, and helium may pressure inflation, and the economy potentially for the rest of this year. How are you navigating this with your portfolio?

If energy prices remain high, that could filter through to higher prices for food—fertilizer is made from natural gas—and other goods.

Oil is used to make everything from lipstick to golf balls, which could eventually make them more expensive. Higher transportation costs could push up the price of food, clothing and other essentials. “We won’t feel the bulk of that for perhaps a month or

The reading, the first major inflation report since the Iran war began, came in at its hottest level in two years.

04/08/2026

24th Annual Ulin & Co. Wealth Management Private Client Dinner Mid-Year Market Outlook | Morton’s | Boca Raton 6.11.26

This private client (only) event will provide a concise market discussion, engaging conversation, exceptional cuisine, and the opportunity to connect with fellow clients and guests of the firm.

Topic: Beyond the Headlines: Investing Through War, Inflation, Tech Rotation and Uncertainty

Speaker: Mark Peterson, Director of Investment Strategy, BlackRock will lead the discussion.

If you are not a client and would like to learn more about working with our firm give us a call.

Note: Speakers and sponsors are not affiliated with New Edge Advisors or Ulin & Co. Wealth Management
https://ulinwealth.com/events/

04/06/2026

Mega-cap tech just had its worst quarter since the financial crisis. Many of the largest tech names are down 20% to 50%.

Investors question whether massive AI spending will translate into durable earnings power, whether the Iran War may result in re-inflation, and if the ongoing tariffs debacle will also add headwinds to CPI.

The issue is not whether AI will matter. It will. Its not 1999.
The issue is timing and ROI and potential other headwinds on big tech.

Wall Street is asking whether hundreds of billions in data centers, chips, and infrastructure will generate meaningful profits or pressure margins for several years.

Competition is intensifying. Enterprise adoption is fragmenting across platforms as alternatives from OpenAI, Anthropic, Google, and others accelerate innovation cycles. Traditional software companies are also feeling pressure from what some are calling a SaaSpocalypse.

AI tools are disrupting legacy subscription models and pricing power. Recent private credit stress highlights another risk, as many smaller and mid-sized tech companies carry floating-rate debt, increasing sensitivity to higher interest costs as growth expectations reset.

Layer in geopolitics. Supply chains tied to energy, chips, and industrial inputs remain vulnerable if the Iran conflict extends. Oil shocks ripple through transportation, manufacturing, and food costs, raising the expense required to build and power large-scale data centers.

Helium supply is another overlooked constraint. It plays a critical role in semiconductor manufacturing and chip cooling. Prolonged disruption could slow AI infrastructure deployment more than markets expect.

Markets are adjusting to the reality that the next phase of returns may depend more on earnings growth than multiple expansion. While many economists and CIOs are touting Q1 as a fear based sell off - you may still want to buckle down a bit more as the Iran war continues.

We continue to emphasize diversified, all-weather portfolio construction rather than concentration in a single theme or trade.

Tech is down. Bitcoin is down. Gold is down. Financials are down. It’s feeling a bit, ominous out there like being in the eye of a storm.

As we’ve worked through disruption with our clients before & after the dotcom bubble crash from 26 years ago- Innovation cycles create winners and losers.

Strategic and tactical diversification allows participation without needing to predict which platform dominates. Our client balanced portfolios are fully deployed and staying on course- as market timing and panic are not long-term strategies

Leadership in markets rotates.
Strategy should not.

With Microsoft losing almost a quarter of its value this year, investors have reset the company's earnings multiple to the lowest since late 2022.

04/02/2026

US financial advisors brace for growing array of risks in second quarter- -Ulin with Suzanne McGee

A number find the parallel weakness in both stocks and bonds -- uncomfortably reminiscent of 2022, when both asset classes ended up in the red and investors found no safe haven -- is another big concern.

Simultaneous weakness in both stocks and bonds has exposed the limits of the ⁠traditional 60/40 ​cushion investors have counted on for decades," said Ulin

Investment advisors say a buildup of problems is weighing on clients, who are entering the ​second quarter of the year struggling with trying to predict the outcome of war, the direction of energy prices and the repercussions of ‌problems stemming from private credit.

04/01/2026

Today marks the start of our second year with NewEdge Advisors, 16 years as an independent firm, and our 24th year serving clients.

We are just getting warmed up. We are proud to be aligned with one of the Barron’s and Forbes Top 100 ranked RIAs in the nation.

Grateful for the continued trust of our clients and partners.

If you are an advisor in interested in collaborating, or an investor seeking to learn more about working with us, we welcome the conversation.

Visit ulinwealth.com or feel free to reach out directly.

03/31/2026

Should you ‘buy the dip’ amid the latest stock market volatility? What experts say. interview with Kate Dore, CFP®, EA- Typically, the strategy works best as part of a broader plan," according to Ulin. In some cases, investors maintain a certain level of “dry powder,” or cash for buying opportunities, which can be deployed at pre-determined prices for specific assets.

Ulin recommends buying into dips and driving into volatility with a diversified portfolio, rather than a single stock or assets like gold or bitcoin. But “success requires discipline,” Ulin said. These purchases should always“ fit a long-term plan rather than a short-term reaction” to market volatility, he said.

I'm a bit on double-dipping. read more.

Should you 'buy the dip' amid stock market volatility from the U.S.-Iran war? Here's what financial experts say about the strategy.