Gamble Jones

Market Update

During the past week, we have seen some wild swings in the market. A number of factors have likely contributed to this spike in volatility, including:

1. We are long overdue for a market correction.

2. Investors are concerned that an increase in inflation could lead the Federal Reserve to raise interest rates faster than expected.

3. Electronic trading by ETFs and institutions flooded the market and heightened the volatility.

Given the unusually low volatility in the market over the past couple of years, a sharp pullback can be a little unnerving to investors. However, rest assured that corrections such as this one are a natural part of the long-term investment cycle. We believe that our long-term investment strategies are sound and that you should continue to stay the course.

Sincerely,

Alison J. Gamble, President
Gamble Jones Investment Counsel