Market Commentary – 4th Quarter 2015

Despite unprecedented volatility, the stock market rallied substantially during the 4th quarter. As of September 30th the Dow Industrial and S&P 500 averages were down 8.63% and 6.7% respectively. As of year‐end the Dow and S&P 500 recovered to being down 2.2% and 0.7% respectively. The 10‐year Treasury Note also vacillated substantially, but ending up yielding 2.27% versus a 9/30 closing of 2.06%…

4th Quarter Market Commentary