Market Summary
January 2016
Stocks ended a volatile year on a low note as both the S&P 5001 and Dow posted their worst annual performances since 2008, with the S&P 5001 down 0.7% and the Dow down 2.2%, respectively.
 
Just how ugly was 2015?  According to data from  Societe General, equities were still the best performing asset class for 2015.  Stock returns surpassed that of long term bonds, short-term treasury bills and commodities.  These meager returns across the board made 2015 the worst year for finding returns since 1937, when the cash-like 3-month T-Bill beat out other major asset classes with a return of 0.3%.

Even Warren Buffet experienced his worst year since 2008, with shares of Berkshire Hathaway down over 11%.
 
So what does this mean for us?
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 and follow us on Facebook to keep up with interesting articles and industry highlights.

 

Walter J. Reyna, Inc.
5315 North McColl Road
McAllen, Texas 78504 
956.682.4196 

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Market Summary Continued
As we begin the new year, we will continue to watch oil prices and global growth (or lack thereof) very closely.  And with the Fed finally raising rates in December, we will also be looking for clues as to what they may do this year.
 
It's clear to us the Fed wants out of the stimulus game at this time, and we believe that, coupled with meek global growth and an oversupply of oil contributed greatly to 2015.  With that said, it is our opinion that oil will eventually bottom and start an ascent up, towards the 60-80 dollar a barrel range.  This is where most countries need oil to be just to break even.  Equity markets at this time are a mixed bag.  We don't see big things happening at this moment, but that can change.
 
There is a saying regarding stock markets:  As January goes, so goes the market.  Let's monitor things, keep our stop-losses in place, and hope for a prosperous 2016.

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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