Over the last several months, “tariffs” have made frequent headlines. They’re on. They’re off. They’re up. They’re down. Understandably, many investors are asking: How will this affect my portfolio?

Here’s the short answer: the market doesn’t wait for official announcements—good or bad. Every second global financial markets are open, prices are adjusting in real time to reflect all known information, whether that information is accurate, speculative, or incomplete.

This is why reacting to headlines or trying to time the market based on “breaking news” often proves unproductive. The news is already priced in.

At Hill, we help clients build portfolios rooted in long-term planning, academic research, and thoughtful consideration of risk. These portfolios are designed with the understanding that market fluctuations and unexpected headlines are part of the journey.

Rather than react to each new cycle of uncertainty, we focus on your plan, your risk tolerance, and the full breadth of evidence available. This approach is intended to help clients remain invested and confident, even in the face of short-term volatility.

The included graphic from Dimensional illustrates how markets respond to news events. It highlights a consistent truth: while headlines can move markets temporarily, disciplined, diversified investors who stay the course are often better positioned over the long term.

If you have questions about how your portfolio is structured to weather market headlines—or want to revisit your plan—we’d be happy to talk.