With U.S. stocks kicking off the year with the worst four-day start ever, investors are wondering if the current volatility is setting the mood for the rest of 2016. “January typically has increased trading volume, and that means the direction of the market can get amplified,” said Manifold Fund Advisors CIO Steve Wruble in Jeff Benjamin’s Investment News article, “What Early Stock Market Volatility Means for the Year Ahead.”1 With technical momentum fizzling out at the end of the year, currency issues tied to commodity issues, a strong dollar, and half of S&P 500 sales from overseas affecting that Index, markets begin to make decisions on how much of 2015’s performance was fundamentals, and how much was the Fed’s monetary policy. As Steve notes, there is not a lot of optimism in sight, especially from energy and oil prices, and he isn’t ready to proclaim a full-blown buying opportunity. Though certain fundamentals are at play when prices are down, “it’s tough to say if this is a great entry point [into equity markets], because we still have some things to clear out, and some rough waters to get through,” Steve concludes. Without the Fed driving markets, investors will be looking for evidence that revenues are growing, and the first test is earnings seasons.
1 For full article, please visit InvestmentNews.com.
The views and opinions expressed in this article are for informational purposes only and not for the purpose of providing investment advice, are those as of the date of the interview and are subject to change over time or at any time and may differ from the firm as a whole. The views expressed in this article do not ensure a profit and cannot protect against losses in a declining market. The investment strategies discussed are not appropriate for every investor and investors should review with their advisors the appropriateness of any investment strategy. Manifold Fund Advisors LLC makes no guarantees on the completeness or accuracy of information provided herein.
Before investing in any mutual fund, please carefully consider the investment objectives, risks, charges, and expenses. For this and other information, call or write Manifold Fund Advisors LLC for a free prospectus or, if available, a summary prospectus. Read it carefully before you invest.
Investment decisions should be based on an individual’s own goals, time horizon, and tolerance for risk. Past performance is no guarantee of future results.
No part of this material may be (i) copied, photocopied or duplicated in any form by any means or (ii) redistributed without the prior written consent of Manifold Fund Advisors LLC.
Copyright © 2017 Manifold Fund Advisors, LLC
Information found on this site is directed to U.S. Investors.
Manifold Fund Advisors is an Investment Advisor and the advisor to the American Independence Funds Trust. Request Form ADV Part 2A for a complete description of Manifold Fund Advisors, management services, and other important information. Please be aware of the specific risks associated with any investment product and always read the prospectus before investing, As such, your investments may lose value or you may lose the principal investment.
An investor should consider the investment objectives, risks, and charges and expenses of a Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available on the website at www.americanindependence.com or by calling Shareholder Services at 1-866-410–2006. The prospectus should be read carefully before investing.
All information contained herein is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, securities or advisory services. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All materials are compiled from sources believed to be reliable. However, accuracy cannot be guaranteed. Before making an investment decision, prospective investors should carefully read all material provided.