Market Update The US markets have been highly volatile with the Dow and S&P 500 posting their worst intraday decline this week in nearly three years. There are a host of reasons for recent drops, including but not limited to worries about slowing growth in Europe, China, and now the US, the sharp decline in oil over recent months, a spike in fixed income prices, Ebola fears and lack of a market correction since 2011. We could go on, but our primary point is that market volatility is back and price actions like this week are not unusual, although it certainly feels so considering how long we’ve gone without a selloff. In fact, we are currently in the 36th consecutive month (over 700 days) without a 10% pullback in the S&P 500, the third longest stretch in the past 25 years. We remain committed to our disciplined investment process and continue to monitor market developments. However, market fluctuations, severe or benign, will not change our strategy, whether that’s helping you to protect your irreplaceable capital or riding out volatility by holding onto high-quality companies with the companies for long-term growth. We will continue to provide you with proactive updates in addition to the regular communications you receive. We remain committed to trust, transparency and communication with you, our valued client. Should you have any questions about your investment strategies, please contact us directly at 619-512-4100.  Thank you for the opportunity to serve you!]]>