We encourage clients and friends alike to stay the course of their investment plan. In the midst of the near-term pain of a market pullback, it is easy to forget that nothing lasts forever.
In times of market volatility such as these, many clients ask us “what is going on?” The short answer is…likely, several things.
While we understand the financial media’s desire to drive viewership and readers, we would describe what we’re seeing in far more muted (and realistic) terms. We believe what we’re seeing is a healthy market correction that has been due for some time now.
To sum up 2017 in two words, we’d describe what we saw as “uninterrupted growth.”
The 2016 domestic large cap market had the worst start to a year in recorded history with the S&P 500 index falling 5% in January of 2016.
As we saw the state by state election results come in, it became apparent that the commentators and pundits had been very wrong about what they were telling us leading up to the election.
The year 2015 was marked by a fair bit of market volatility. In fact, if you looked at the value of the S&P 500 index in a vacuum on January 1, 2015, promptly fell asleep, and then woke up on December 31, 2015, you’d think that very little happened during the year.