Market Commentary Monday, November 23, 2015 (Comments on Surprising Rally Given the Terrorist Threat, Buckingham on CNBC Asia, Value vs. Growth, Buffett Perspective: Short- and Long-Term, Fed-Speak, Rate Hikes and Market Returns and Updates on NSC, QCOM, INTC, AET, WMT, SPLS, TGT & SSI)

Kovitz Investment Group Partners, LLC is editor of The Prudent Speculator newsletter and is the investment advisor to individually managed client accounts and certain mutual funds. Investing involves risk, principal loss is possible, and there can be no assurance that investment objectives will be achieved. Past performance is no guarantee of future results. Registration of an investment adviser does not imply any certain level of skill or training.