Once again, the early events of 2016 should not come as a surprise – equity markets will be volatile. Our advantage is we focus on the broader view of the market, regardless of what the financial media portrays or what might occur next week, month, or even next year.

To demonstrate this point, take a look at the slide below illustrating that from 1926-2014, US Market Returns have been positive 75% of the time.

Investor-Discipline1

Click to view Distribution of US Market Returns

In the coming days, we will elaborate on the importance of living this advantage through volatile periods.

As always, we appreciate your business and look forward to continuing to serve you and your interests.