September 2016

A Note From The Team

The markets have been characterized by extremely low levels of volatility over the last several weeks. For example, the S&P 500 hasn’t closed with a daily move of more than 1% (positive or negative) since July 8—the longest such period in approximately two years. This has given some investors a much needed “break” from the ups and downs that we saw in the beginning of the year. That being said, our opinion is that today’s low volatility environment will not continue as we enter the fall, and election season.

Since we are nearing the 15th anniversary of the 9/11 attacks, we thought it appropriate to acknowledge this dark memorial. Foremost, we’d like to shed some light on the world’s resilience to the hatred and barbarism that is apparent in all terrorist actions. Historically, Americans deal with problems and then move forward rather quickly.In the financial markets, the S&P 500 Index follows a brief period of weakness and worry with strength. The stock market has been higher a year after an act of terrorism than on the day of the attack. As Americans, we take care of business and move forward. That is our history and our legacy. God bless our great nation.

More next month…

Commentary

Please take a look at our in-depth newsletter here:

• Macro-Economic Overview
• Market Volatility
• Equity Overview
• Fixed Income Update
• International Update
• Financial & Retirement Planning
• Market Notes