More Reflections from 2016…Shortest Light Day of the Year

Ok, so the reminiscing is still going on. In our Q1 2017 Newsletter, coming to a mailbox near you soon, we take time to reflect on what a zany year it was… from all angles… As a preview, but not to steal the thunder, here are a few of the points !

Slow Start:

Talk about out of the starting gates bad. World capital markets finally tugged the large company US markets down, taking the S&P 500 down 15% and oil to under $30 a barrel in mid-February.

s-p-500-2016-15-drop-early

Brexit:

Surely Britain would stay in the European Union, the polls were showing as high as a 90% probability that they would. As the votes were tallied, something strange occurred as the Brits did in fact vote to leave the EU.

US Election:

The polls would once again miss big as the election results rolled in and a surprise candidate was nominated president.

Federal Reserve Raises Rates:

Mid December marked the day the FOMC (Federal Open Market Committee) raised rates from .25% to .50%. Markets yawned, even as the FOMC signaled they expected three more rate increases during 2017. It has been a race to see who moved to the back of the papers faster, Tony Romo or the FOMC!

Shortest Day of the Year

With an outdoor family that spends a lot of time on the Tennis courts…..as well as other outdoor activities, today’s shortest light day of the year comes with as much cheer as the Holidays!

Have a Great “Reminiscent-Shortest Light” day !

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

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