Hurd on the Street, January 2016
A Year to Forget The world of stocks in 2015 will be remembered as a year with a high degree of volatility and ultimately little to no change in the S&P 500, with it recently closing in tight proximity to where it began the year. The year was full of upside breakouts with no meaningful follow throughs, followed by sharp moves on the downside to new low ground, only to reverse back to the middle of the range. What this has led to is investors having too much cash at the top of