Market Summary
May 2015

A rebound after an ugly March was needed, and much of April delivered. Markets pushed upward, with the S&P1 500 briefly touching 3% for the year. However, it has been said that markets can drop 3 times as fast as they rise, and after 3 weeks of steady growth, the last couple days saw US equity markets down sharply. Overall, it was still a positive April, but a little air out of the tires left us feeling a bit deflated.

Now, we are entering what is historically considered two of the worst months for investors; May and June.

And, as I type this newsletter, we have seen 3 of the last 5 trading days down over 1%. While it is early, the main causes are of some concern - Growth in the US is muted, employment is not picking up and the talks between Greece and its debtors have not progressed at all. It is even possible that revised GDP numbers for the previous quarter could end up negative. These issues have investors pushing the "pause" button currently. A few percentage points down is not alarming, but cause for concern.

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 
956.682.4196 

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Market Summary Continued

Considering all these concerns, we have lightened up some in the model portfolio, and will be tightening the stops on our equities. We do not want to exit out of the markets just yet, but we do feel it prudent to be a bit more defensive until we see how things play out. 

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 www.bloomberg.com. 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.  

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