1. Financial Markets Update
April 4, 2017
John B. Lewis
Senior Managing Director
Financial Advisor
Founding Partner of The Lewis Group

3. S&P 500 Index at inflection points

4. S&P 500 valuation measures

5. Corporate Profits

6. Returns and valuations by style

7. Annual returns and intra-year declines

8. Market volatility

9. Corporate financials

10. Bear markets and subsequent bull runs

11. Interest rates and equities

12. The length and strength of expansions

13. Economic growth and the composition of GDP

14. Consumer finances

15. Federal finances

16. Oil markets

17. Consumer confidence and the stock market

18. The Fed and interest rates

19. Shape of the yield curve

20. European recovery

21. China: Economic and policy snapshot

22. Global currencies

23. Global commodities

24. Asset class returns

25. Life expectancy and pension shortfall

26. Time, diversification and the volatility of returns

27. Diversification and the average investor

29. Disclosures
Money market funds are not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing. There can be no assurance that the funds will be able to maintain a stable net asset value of $1.00 per share. Money market funds are sold by prospectus only. A prospectus may be obtained by contacting Candace Evans at The prospectus contains complete details about each fund, including risks, charges and expenses and should be read carefully before you invest or send money.
This summary has been prepared for BB&T Scott &Stringfellow by BB&T Securities, LLC for informational purposes only and does not replace regularly distributed customer statements provided by BB&T Securities, LLC. This summary has been prepared from data believed to be reliable but no representation is being made as to its accuracy or completeness. The values displayed in this report represent the value on the date of this summary based on pricing information provided to us by quotation services or other sources. Values shown should only be used as a general guide to portfolio value and may vary from the actual liquidation values. It is possible that certain securities may be illiquid and either cannot be priced or an estimated value is assigned to them. The information contained in this report should not be relied upon for tax reporting purposes. Calculations of performance are stated net of applicable commissions and/or other trading expenses. Beginning and ending values may not include all accrued interest. Please refer to your original trade confirmation, tax reporting statement, and/or other documentation if applicable.
Past performance is no guarantee of future results. Indices and benchmarks are unmanaged and cannot be invested into directly. If you need additional information regarding the indices that may be displayed, please contact your Financial Adviser. Please keep in mind that the investment objective for the account may have changed over time. Any analysis or calculation is provided for informational purposes only. Refer to your regularly distributed customer statements provided by BB&T Securities, LLC for detailed information.
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Bonds are subject to market and interest risk; values will decline as interest rates rise. Bonds may not be suitable for all investors and you should consider specific risks such as credit risk, default risk and volatility prior to investing. Subject to availability, prior sale, and/or change in price. Bonds sold prior to maturity may be worth more or less than original cost. Bonds are subject to market and interest risk; values will decline as interest rates rise. Bonds may not be suitable for all investors. Products are subject to availability, prior sale and/or change in price. The information contained herein has been obtained from sources we believe to be reliable but does not purport to be a complete statement of the available data. The information is provided to you for informational purposes only and does not constitute an offer to sell or a solicitation to buy any security that may be referenced. Diversification does not ensure a profit or guarantee against loss. Securities may go down in value resulting in a loss of principal if the securities are sold. Comments regarding tax implications are informational only. BB&T Scott & Stringfellow and it’s representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences. Past performance is no guarantee of future results. Results of this or other presentations may or may not be achieved. These securities may not be suitable for all investors. You should consider specific risks prior to investing. There is a risk that the market for preferred shares may be thinly traded and relatively illiquid compared to the market for other types of securities, with the spread between the bid and asked prices considerably greater than the spreads of other securities with comparable terms, credit ratings and tax-advantaged income features. A rating issued by a Rating Agency (including Moody’s, S&P and Fitch) is only the opinion of the entity issuing the rate at that time, and is not a guarantee as to quality, or an assurance of the future performance, of the rated security dividends, distributions and other payments to holders of preferred stock may be subject to prior payments due to the holders of senior indebtedness. In addition, the 1940 Act may provide debt holders with voting rights that are superior to the voting rights of preferred stock holders. In extraordinary circumstances, an issuer may otherwise be unable to pay dividends in certain classes of preferred stock.
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