Market Commentary Monday, January 2, 2017 (Comments on Target Prices, TPS 603, Mid-Teen Returns, 2016 a Win for Al Frank, Valuation Metrics, 2017 S&P Forecast and Reasons for Optimism)

Kovitz Investment Group 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.