After a frustrating 2015, where most major asset classes either returned less than 1% or lost money outright, investors were welcomed into the new year with the worst first-week of stock market losses— EVER! After the 6th worst opening day since 1928, the S&P 500 continued to lose ground the rest of the week and by Friday the Index was down 6%, with the tech-heavy NASDAQ down 7.3%. And losses weren’t confined strictly to Large Caps—by midday Monday, small cap stocks (Russell 2000) were officially in bear market territory, down more than 20% from their June peak.


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