In this week’s Five Minute Market Review, Grant and Harold Williams are joined by Lad Perenyi consulting member to the Investment Committee for Precedent Wealth Partners. Last week may have ended on a positive note, but the month as a whole has been true to seasonality trends and is down. Tune in as the team dives into the weeds on the S&P 500’s performance last week, month to date and year to date, in order to evaluate what is moving the market before we head into a new month. The team also makes a distinction between short-term trend following and long-term portfolio planning. While following market activity can offer perspective and guidance, making changes to a long-term portfolio and financial plan should not be based solely on last week’s market performance.