Weekly Market Recap After a volatile start to the year, this week rewarded investors with the markets making new highs for 2016. Personal expenditures and payrolls both improved in the US and Janet Yellen, the Chair of the Federal Reserve, reiterated in a speech this week that interest rate increases are likely to be "gradual". Overseas in Brazil, the chance of the President being impeached increased as one of the coalition partners left the governing coalition. The markets have viewed this favorably, putting Brazil among the top performing markets so far this year. The current wave of optimism in the market highlights how quickly sentiments can shift. As recently as February, there was focus on a potential global recession. That focus has since receded in recent weeks as stock prices have rallied. The great investor Benjamin Graham wrote in the 1940s, "In the short run the market is a voting machine, but in the long run it's a weighing machine." Those words remain true today. The market can swing in the short term, but in the long term we've seen markets generally rise over decades reflecting ongoing economic growth. This is why we believe that despite volatile markets, staying disciplined and remaining true to your investment tenants will be the best path to long-term investment success. Notes:
Janet Yellen speech:
https://www.federalreserve.gov/newsevents/speech/yellen20160329a.htm
Brazil:
http://www.bbc.com/news/world-latin-america-35919248 Disclaimer:
The views expressed are for informational purposes only and 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. All expressions of opinion are subject to change without notice in reaction to shifting market, economic political conditions, and as subsequent conditions vary. The investment strategies mentioned are not personalized to your financial circumstances or investment objectives, and differences in account size, the timing of transactions and market conditions prevailing at the time of investment may lead to different results. This material may contain "forward-looking: information that is not purely historical in nature. Clients may lose money. Past performance is not indicative of future results. Investments in securities involve the risk of loss. Any tax strategies discussed should not be interpreted as tax advice and do not represent in any manner that the tax consequences detailed will be obtained. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Your Portfolio Summary | $9,382.83 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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