Market Summary
February 2015

For the 2nd straight month, the major US stock indices were negative, continuing a slide that began late in December.

In fact, from that December high, we have seen the S&P1 500 pull back as much as 4.5%2. The decline has been fed by a number of things, from fears of Europe falling back into recession to a waiver in confidence due to falling oil prices. Notably, here in the US, the pull back created considerable downside volatility after disappointing earnings and warnings about upcoming quarters from UPS, Bristol Myers Squibb, Caterpillar, DuPont, Microsoft., Pfizer, 3M, Proctor & Gamble, United Technologies, and a few others.

Finally, it was disappointing when GDP numbers for Q4 came in at 2.6%, less than the 3% economists predicted. However, even with all the negative readings throughout the month causing a lot of volatility, key stock support levels have held, and while the above mentioned things do give cause for concern, markets have shown some resilience in mitigating the pullbacks.

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.
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McAllen, Texas 78504 

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Market Summary Continued

As for what is doing well amidst the volatility, GOLD had its best month in recent memory, up near 10% for the month. Currency concerns worldwide have the metal poised for a possible big year.

Looking ahead, while there is obvious concern when markets are down, 4.5%2 type pullbacks are still normal and not a reason to hit the panic button. We are currently in the midst of the seasonally "strong" period for equities (November-April), so we will look for February to try and resume an upward trend and break the two month losing streak in US markets.

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.