Q4 2016 Market Commentary
We began 2016 with our eyes on the Dow Jones Industrial Average (DJIA), which dropped 10% the first month. Headlines proclaimed, “Dow Jones gets worst start in 84 years!” The fear of recession loomed. Economic indicators were weak; the post-recession recovery seemed long in the tooth. However, despite such an inauspicious start to 2016, the index more than recovered. The DJIA rose to 19,762.60, returning 16.5% for the year. Headlines now declared, “Dow Jones approaches 20,000 record!” Other U.S. indices had similarly wild rides in 2016. Click HERE to download and read the most recent newsletter to read more!