Q4 2016 Quarterly Commentary – January 1, 2017: A Perspective on the Election Surprise

Stock markets rallied in the fourth quarter of 2016 with the S&P 500, including dividends, rising by 3.82%, the Dow Jones Industrials rising by 8.66% and the technology-heavy NASDAQ Composite rising by 1.69%. Full year total returns for the three major US benchmarks were as follows: S&P 500 11.95%; DJIA 16.50%; NASDAQ Comp 8.97%. […]