Flagstone Retirement Consultants

January 2016 Monthly Market Update

Stocks limped to the finish in December. The S&P 500 slumped 1.75% during the month and lost 0.73% for the year. The market rallied when the Federal Reserve raised interest rates for the first time in nearly a decade, but it retreated repeatedly during the month as oil prices continued to fall. Payrolls expanded nicely, consumer confidence improved, and most of the housing market news was positive. In the wake of the Federal Reserve interest rate decision, Wall Street seemed ready to focus on 2016 and forget a weak year for equities.1

January 2016 Monthly Market Update

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