Fall 2016 Investor Letter: Time In The Market

| About: SPDR S&P (SPY)

In our recent published Fall 2016 Investor Letter, our commentary covers recent market-related events, U.S. earnings, interest rates and the pending election. Emotions tend to run high during these times, creating an environment that can drive investors to reduce their stock market exposure. The newsletter discusses the consequences these decisions can have on long-term returns.

In our Summer 2016 Investor Letter, we highlighted our positive view on U.S. equities, supported by an anticipated resumption in earnings growth for the second half of 2016 and into 2017. Although analysts expect companies in the S&P 500 Index to report a slight drop in quarterly earnings for the third quarter, we believe reported earnings will turn positive in the quarter and discuss this in the Investor Letter.

For additional insight into our views for the market and economy, see our Investor Letter below.

Fall 2016 Investor Letter