2016 Fourth Quarter Report: A Year Full of Surprises

January 20, 2017 2016 Year End, President Trump

2016 Fourth Quarter Report: A Year Full of Surprises

Fear, uncertainty and relief . Financial markets experienced these stages with regularity in 2016. The year began with a sell off fueled by Chinese growth concerns and the prospect of a protracted bear market. However, markets bottomed in mid-February and began a long, slow recovery, turning positive by the end of March. In June markets were again shocked when the U.K. voted to leave the Eurozone, something considered a low probability scenario by many. Again, markets reacted with initial shock but recovered and advanced before pulling back as the Presidential election neared.