Market Summary
December 2014

Merry Christmas!

November finally gave us a break from the volatility of the last few months, with major market indexes mostly gaining.

Our biggest area of concern that we see possibly affecting markets, as well as the economy as a whole, is oil.

Many have noticed the price of gasoline dropping the last couple months, which is good. However, because of oversupply, oil prices have been dropping fast, to the point where crude is down over 40% from it's peak of $115 a barrel.  

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Limit downside risk and provide clients a reasonable rate of return over a market cycle.


With over five decades of combined money management experience in South Texas, you can be sure that Walter and Anthony Reyna have seen it all. This father-son pair built and developed Walter J. Reyna Inc. on the importance of hard work and strategic planning and continue to implement these core values in their business today.


The Reynas believe that wealth accumulation and protection are the result of exceptional planning, not luck. Visit our website to learn more.


Walter J. Reyna, Inc.
5315 North McColl Road
McAllen, Texas 78504 

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Market Summary Continued

Opec, headed by Saudi Arabia, is not going to cut production to curb the supply. Why? There are a many number of possible reasons, but one that I believe is that it costs much less for Saudi Arabia to produce oil than it does, say, Canada, which has been supplying some to the US. Basically, it almost appears as a price war.

Economies can and will suffer from oil that is too cheap, because those that produce oil, but not cheaply, will not be able to make a profit on their sales. Russia is a prime example, as they have already gone into recession once again primarily because of oil.

Here in the US, we are almost producing enough barrels per day to be completely energy independent.

Oil is also a leading economic indicator, which means that if oil continues to fall, and it then brings economies down with it, the effect on the markets could be very troublesome. While we have increased our equity exposure over the last couple months, the price of oil is at the top of our list for bringing on a possible correction.

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For more information about your portfolio performance, please refer to your personalized statements or contact us. Regulatory restrictions prevent us from reporting personalized performance data in this newsletter. See below for important disclosures. 

Portfolio Insights
(1)The S&P 500 Index is representative of domestic markets and includes the average performance of 500 widely held common stocks.  Individuals cannot invest directly in any index and unlike investments; the S&P 500 Index does not incur management fees, charges, or expenses. (2) All Statistical information, investment category determinations, and economic data retrieved from Past performance is no guarantee of future results and all investment strategies involve the risk of financial loss. 


This publication is proprietary and limited to the sole use of Walter J. Reyna, Inc. clients.  Client portfolios are designed for the moderate investor but are actively managed on a monthly basis and may not follow traditional risk adjusted asset allocation models. Walter J. Reyna, Inc. maintains full discretion over said accounts and manages as deemed necessary. Clients with questions about the fees associated with their discretionary advisory account should refer to their advisory agreement. The information contained herein is for illustration purposes only. It is not necessarily complete, does not include client directed investments, and its accuracy is not guaranteed by Walter J. Reyna, Inc.  All clients should reference their periodic statements for accuracy. All clients needing additional information about holdings in the portfolio, including the objectives, risks, asset class and costs associated should refer to their respective prospectus. If you have received this communication in error, please notify us immediately by e-mail or telephone.  Neither the information, nor any opinion expressed constitutes a solicitation nor investment advice, for the purchase of any future security referred to in the Advisory Newsletter.  Investments offered through Registered Representatives of Lincoln Financial  Securities Corporation, member SIPC.  Lincoln Financial Securities Corporation and Walter J. Reyna, Inc. are not affiliated.