Market Summary
January 2015

We mentioned last month that the fall in crude oil prices could affect stock market prices and also have a much larger effect on the global economy as a whole.

What we saw last month was a lot of volatility, with U.S. equity markets pulling back nearly 5% mid-month, rallying back near Christmas, only to falter the last few days of the year.

As we enter the new year, concerns about the dramatic plunge in oil prices are now coupled with some serious problems in the Eurozone, as Greece could be pulling out of the Eurozone depending upon their election results. These concerns have seen the drop in the equity markets worldwide continue into the first few days of January.

Remember, while falling oil prices may be good for our pocketbook, i.e. gas prices, they are a double-edged sword. Not only is this a headwind for companies dependent upon oil and energy for their profits, but many economies such as Russia, Brazil, Venezuela, Canada, etc...heavily depend upon the sale of oil to support their countries. Now, with oil below $50 a barrel, and the cost to produce oil for most of these countries well above $50 dollars a barrel, their economies are beginning to suffer.

Our Management Philosophy

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

It is our opinion here that oil could have further to go, but in the longer term, we will see it rise again. There is no doubt it is having an effect on the markets, as evidenced by the volatility and pullbacks we have seen over the last 30 days, but we also understand that pullbacks are necessary, and markets do not run straight up. So, while a concern, it is not time to hit the panic button just yet.

We will be keeping a close eye on the events mentioned above, while also tracking the movement of the S&Pš 500 and other markets to see if support levels hold up as they have been throughout the volatility, or if they finally begin to break down.

Visit our website to learn more.


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.