At Gripman, we expect markets to remain quite volatile with periods of big swings along with the potential for interest rates to move higher for the near future. These day-to-day fluctuations should not cause our clients to fear, though. Our Gripman absolute value balanced strategy is designed to weather short-term fluctuations and provide solid returns. We recognize that for investors in this strategy that capital preservation is just as important as maximizing long-term overall return. That is why Gripman applies a matrix of capital preservation tools to guide the investment decision making process, in a disciplined way, to maximize the long term overall return to risk profile.