The first quarter of 2015 ended with KAM taking a small downturn for the month of March, along with the S&P 500 which it was slightly behind. While KAM’s QVP slightly underperformed last month, more importantly, this strategy continues to out-perform over all long-term timeframes. Over the past three years the QVP outpaced the S&P 500 by 3.96%, by 4.00% over the past five years, and by 2.99% in total since QVP’s inception in January 2005. For every $100,000 invested in KAM’s

After six years of consecutive gains for the S&P 500, a downturn in the domestic market seems highly probable. Consider what happened the only two times in the past hundred years when the S&P 500 saw a 200 percent increase over a six-year period: the 1929 Wall Street Crash and the dot-com bubble bursting in 1999. That is not to say that we expect a similarly drastic decline in the domestic markets but we feel there is a strong likelihood of a bear market in the latter half of