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Off The WallAuthor: Monument Wealth Management
OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about. Connect with us on Instagram @MonumentWealth or on LinkedIn at Monument Wealth Management. Thanks for joining us! Language: en Genres: Business, Business News, Investing, News Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Good Quarter or Bad Quarter? Depends on What You Were Watching
Wednesday, 8 April, 2026
The headlines said Q1 2026 was rough. The data we're watching tells a different story. In this Q1 Market review, Dave Armstrong and Nate Tonsager set aside the noise — yes, including the Iran conflict they've already covered at length — and dig into what was actually happening beneath the surface of the markets in Q1 2026. Spoiler: it was a lot more interesting than a -3.5% S&P 500 reading suggests. Nate kicks things off with an underappreciated housing market update: prices are easing without mortgage rates having to do the heavy lifting — and why that's actually a healthy sign for the broader economy. Dave follows with a breakdown of what the market's internal health really looked like last quarter, using sector performance data to show how energy, materials, utilities, consumer staples, and industrials were quietly carrying significant weight while big tech grabbed all the negative headlines. Then the conversation turns to Bitcoin. Nate pulls no punches: in his view, Bitcoin is a trading asset — not an investing asset, not digital gold. Dave riffs on why he'd call it something closer to "digital guessing" — and why that's not necessarily a dealbreaker, as long as you're honest about what you're doing and how much of your portfolio you're putting at risk. Think of it like the casino: a few chips on the roulette table is fine. Going all in on red? That's a different conversation. It's one of their favorite episode formats — no guests, no guardrails, just two portfolio strategists riffing on what actually mattered last quarter and what investors should be paying attention to going into Q2. Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures Episode Timeline/Key Highlights: 0:00 — Opening Claim: Bitcoin Is Not an Investment 0:22 — Welcome and Q1 Quarterly Review Setup 1:49 — Housing Affordability Is Quietly Getting Better 5:24 — Supply Is Up and 2008 Fears Are Overblown 9:38 — Why Q1 Looked Worse Than It Really Was 11:28 — Moving Averages, Market Breadth and Hidden Strength 13:04 — The Sectors That Quietly Won the Quarter 15:51 — Concentration Risk and Data Driven Rotation 20:21 — Bitcoin Is a Trading Asset, Not an Investment 29:54 — Crypto, Gold and the Art of Educated Guessing 33:24 — Closing Thoughts, Brackets and How to Reach Us Connect with Monument Wealth Management: Visit our website: https://monumentwealthmanagement.com/ Follow us on Instagram: https://www.instagram.com/monumentwealth/# Connect on LinkedIn: https://www.linkedin.com/company/monument-wealth-management/ Connect on Facebook: https://www.facebook.com/MonumentWealthManagement Connect on YouTube: https://www.youtube.com/user/MonumentWealth#Fit Subscribe to our Private Wealth Newsletter: https://monumentwealthmanagement.com/subscribe/ Check out our Between Sips Podcast: Where Money Meets Meaning Because money without meaning never feels like wealth. https://monumentwealthmanagement.com/between-sips-podcast/ About "Off the Wall": Markets are noisy. Your time is limited. Off The Wall cuts through the clutter. Hosts Dave Armstrong, CFA and Nate Tonsager, CIPM bring you straightforward, candid insights about what's really moving markets and why it matters for successful investors. From economic shifts to portfolio positioning, we break down the complexities so you can invest with intention and stay grounded when headlines and life feels chaotic. Learn more about our hosts on our website at https://monumentwealthmanagement.com
