Market Summary
September 2015
After the brutal month of August, which saw declines not seen since 2011, the market turmoil continued into the first couple days of September. The S&P 5001 and Dow Jones Industrials have now fallen to a respective 6.5% and 9.5% for 2015, and are in correction territory from their peaks earlier this year (remember, a correction is a pullback between 10% and 20%).

Weakness in China has snowballed, and that coupled with the idea of a Fed raising interest rates, have been the main culprits behind the market selloff.

Oil is getting crushed, with West Texas Crude falling below $40 a barrel for the first time in seven years.

As we mentioned last month, August, September and October are typically volatile. August has certainly proven that, now we wait and see what September and October hold.
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
Is there a bright spot in any of this?  To us, there is. You may recall that we lightened up our model portfolio back in early May. This past month, we hit some of our stops, and were able to lighten up the portfolio even more.  Does this mean we escaped unscathed?  No. What it does mean is we limited our downside, and are currently sitting on more cash that we can put to work once this ugliness plays 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 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.