Market Commentary

Our portfolio managers give you their analysis of current economic trends
within their targeted area of investment

This Commentary is distributed for informational purposes only, is proprietary to Beech Hill Advisors (“BHA”). It is not intended to constitute legal, tax, accounting or investment advice. Nothing herein constitutes an offer to sell or a solicitation of an offer to buy any security and nothing herein should be construed as such. All investment strategies and investments involve risk of loss, including the possible loss of all amounts invested, and nothing herein should be construed as a guarantee of any specific outcome or profit. Furthermore, it should not be assumed that investment recommendations made by BHA will be profitable or will result in performance equal or similar to the performance of any index or market segment discussed. Investments or strategies discussed may not be suitable for all investors. While BHA has gathered the information presented herein from sources that it believes to be reliable, BHA cannot guarantee the accuracy or completeness of the information presented and the information presented should not be relied upon as such. Any opinions expressed herein are BHA’s opinions and do not reflect the opinions of any affiliates. Furthermore, all opinions are current only as of the date of distribution are subject to change without notice. BHA does not have any obligation to provide revised opinions in the event of changed circumstances.

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