Broker Check

The Year 2016

| December 21, 2016
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The year 2016 began with what have been termed the worst first six weeks in equity market history—the S&P 500 declined more than eleven percent from its 2015 close through February 11. In June, the market went down nearly six percent in a (trading) day and a half following the Brexit vote.  And there was the moment, somewhere around 1:00 a.m. central time after the presidential election, when I saw the futures on the Dow Jones Industrial Average down 800 points!  Yet despite all that unnerving market volatility, the S&P 500 closed out the year at 2,238.831. With dividends of about two percent, the market’s total return this volatile year was 12.25 percent2

In a sense, then, the equity market put on a tutorial in 2016, highlighting the wisdom of tuning out the shocking current events and the attendant volatility. During such episodes, it seems to me that the best investment advice I can offer is always, “Turn off the television.” 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

1 - 01/03/17

2 - 01/03/17

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