Q1 2016 Investment Review

David W. Lemons, CFA
Senior Managing Director, Portfolio Manager

“In matters of principle, stand like a rock; in matters of taste, swim with the current.” – Thomas Jefferson 

Right out of the gate, the first quarter of 2016 was dreadful for stock investors and there didn’t seem to be a direct, easy connection between real time data and the markets’ movement lower. The backdrop to the end of 2015 included concerns about the Federal Reserve’s decision in December to increase short-term interest rates, Chinese economic growth, the potential for a US recession, and continued weakness in oil prices. The markets carried this sack of issues forward into January… Read more >