Annual Outlook 2016—Choppy Waters

The easy investment returns enjoyed since the end of the financial crisis have succumbed to the pressures of elevated valuations, Federal Reserve tightening and oil price declines, which have created significant volatility, bearish sentiment and losses among investors. This changed investment environment has caused a wave of worries, with many wondering how to navigate the choppy waters of the marketplace and subdued economic growth.  

However, not all the news is negative. Valuation changes are creating interesting opportunities for investors willing to be cautiously contrarian within a long-term investment approach that avoids overreacting to volatility and market declines.