A very regular series of storms is hitting the Pacific Coast this winter. Fortunately, much of the needed rain has come after the nice sunny sail I was treated to on Christmas near San Francisco Bay.
Meanwhile, the stock market is facing strong headwinds in early '16, and if you listen to experts like Jeffrey Gundlach of DoubleLine, the next few months could be brutal. In other words, be sure to get out (and put on) the foul weather gear!
FPA's Bob Rodriguez, who lives in the Lake Tahoe area, put on his winter coast last month to take photos against a backdrop of the snowy Sierra Nevada Mountains for our first issue of 2016. Since the January issue appeared, readers have told us they appreciate the money manager's views.
Much of what Rodriguez told us he expected is coming to pass, such as hyper-market volatility. Earnings challenges, economic weakness in the industrial sectors of both the U.S. and China and lower commodities prices, which he also discussed, are dominating the financial news in early '16.
The energy sector, of course, seems set to have another challenging year. Given the global environment for commodities, we are pleased that our corporate sponsors with midstream master-limited-partnerships and the asset managers that invest in them continue to support our publication.
