2016 Economic Review

THE YEAR IN BRIEF After a bearish start, 2016 ended up being a good year for the bulls. The Dow Jones Industrial Average sold off 6% in January, dropping below 15,500 as investors worried about sinking oil prices and a slowdown in China’s economic engine. Eleven months later, the blue chips were nearing the 20,000 mark. Wall Street rode through the market shock brought on by the Brexit, rallied after Donald Trump’s presidential election victory, and priced in an interest rate hike by the Federal Reserve. Energy futures saw huge yearly gains. The housing market maintained its momentum, even as