After a rocky start to the year, 2016 proved to be a decidedly positive one for the broad U.S. equity markets as well as the portfolios in Stolper Asset Management’s managed programs. Contrary to most predictions, the November 2016 American Presidential election victory went to the Republican candidate Donald Trump and the equity markets reacted favorably to the change in regime. The new presidency brings with it plans to cut personal and corporate taxes, increase defense and infrastructure spending, reduce regulation in a number of sectors, and bring changes to healthcare and immigration. Concurrently, the expectation is for more interest rate rises going forward. The hoped-for result is accelerated growth and a more robust domestic economy. Positive macro changes are always welcome but, as always, regardless of the prevailing environment we are committed to seeking to identify quality investment opportunities based on fundamental analysis. May the coming year be healthy and prosperous for you!