Weekly Market Recap Despite ending the week on a high note, China is attracting headlines based on its volatile stock market in past weeks. Essentially Chinese retail investors borrowed money to purchase stocks speculatively. This trend reversed recently, causing prices to decline 30% off June highs. However, the Chinese government has been extremely focused on stopping the decline with a multitude of measures, and are apparently having some success as the Chinese markets resumed their rise late this week. Despite the recent decline, the Chinese market remains up over 20% year to date and over 90% on a 1 year view, well ahead of most other major markets. China has also outperformed the US market over the past decade. At FutureAdvisor, we believe that the volatility experienced in emerging markets can be managed by employing a diversified portfolio and that the emerging markets allocation will reward long-term investors. In Europe, after last week's "no" vote in the Greek referendum, the Greek government may agree to a new deal with the EU on further lending over the weekend. This could bring the recent episode in Greece to a close. Despite Greece, an important story in Europe this year appears to be the improving economies of France, Italy and Spain. These nations are all set for much improved economic performance this year based on IMF forecasts. France, Italy and Spain combined are over twenty times larger than the Greek economy. As Benjamin Graham said "In the short run, the market is a voting machine but in the long run, it is a weighing machine." Graham is the man who taught Warren Buffett to invest. His words have been timely this week, as the markets have alternated between fear and greed on a daily basis. Research shows that long-term investors who adhere to a well diversified strategy are rewarded, and often those who trade on short-term emotion fare less well. Recent weeks have also brought opportunities for tax-loss harvesting and automated rebalancing for Premium customers to help increase their after tax returns. Disclaimer: The views expressed herein are not intended to serve as a forecast, a guarantee of future results, investment recommendations or an offer to buy or sell securities by FutureAdvisor. Differences in account size, timing of transactions and market conditions prevailing at the time of investment may lead to different results, and clients may lose money. Past performance is not indicative of future results. The tax loss harvesting strategy discussed should not be interpreted as tax advice and it does not represent in any manner that the tax consequences detailed will be obtained or that its tax loss harvesting strategy will result in any particular tax consequence. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Your Portfolio Summary | $9,643.36 Your Total Assets | Ways To Improve Your Portfolio | 0 Accounts with Actions | Your portfolio has no recommended actions right now. We'll watch over your investments and alert you with an email when there are actions for you to complete. Sign in to see detailed steps  | | Sign in to see your full dashboard | | 
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