Economic & Market Communication

wit news, market, economy, policy, bonds

Dear Clients,

We hope our message today finds you and your family well and your Spring 2025, off to a great start!

It has been a while since we have posted a group communication discussing economic/market situations, but given the magnitude of the reciprocal tariff announcement yesterday by the President along with the length of time we believe this economic transition/adjustment will continue, we felt it was prudent to send along a note outlining a few items, as we intend to post communications on this matter regularly, for the foreseeable future.

As many of you know the regulations that WIT Capital falls subject to in our industry relating to group communications, makes immediate, mass distribution of our thinking a challenge, as all correspondence we publish to our clients (as a group), must be reviewed by a communication/compliance department in advance of the distribution. This review process, along with copyright laws and other procedural requirements make many of the communications we would like to distribute for educational purposes, untimely and irrelevant, due to internal processing, so as we approach the current situation surrounding tariffs and the market’s reaction to all of this news, we are going to adjust our process to make the distribution of things more efficient.

On our website’s www.witcapitalmanagement.com landing page we will be posting links to well-written and relative news articles that will explain in depth, a parallel thought process to what we believe is relevant and important economic and market-related commentary published by third parties that we encourage clients to click on, and read. We hope these articles, which will be selected by our team here at WIT Capital, will help you in understanding the “why” behind some of what we are seeing take place, so that you can be well informed about your portfolio and the things that we are watching very closely.

We will additionally be sending a group communication anytime we adjust the articles on the site to let you know something new has been posted for your review and provide a summary as to why we believe the posting is important.

Our group communications will be brief as our intent is to have the articles provide the in depth analysis, and our hope is that this process will increase the speed and clarity surrounding our thoughts on the matter while allowing you to be able to “tune-out” the millions of articles and financial commentaries that at times, can seem overwhelming.

As you know our phone lines are always open for any questions that any of you may have, and we will be in communication with you individually if the situation warrants. We believe the implications of these tariffs and this economic transition will take time to not only understand, but time to work its way toward any type of market stabilization.

As always, thank you for your time, business, & trust; all are appreciated more than we could ever express!

WIT Capital Management, LLC

PPG-7815926.1 (4/25)(Exp. 4/29)