2016 Market Commentary

In the business world, the rearview mirror is always clearer than the windshield. –Warren Buffett Donald Trump’s surprise election victory spurred a rally in stocks

In the short run, the market is a voting machine but in the long run, it is a weighing machine. –Benjamin Graham The S&P 500

The average income of all the inhabitants of the world increased between seven and eight times from 1820 to 1992. At the same time, the

Pessimism about the global economy peaked in early February, with the S&P down 14.2% from its high in 2015. Equity markets then reversed course, rallying