Market update from summer newsletter. Bull or Bear? Speculating on short-term movements in the equity markets is a fool’s errand due to the large number of variables involved. Consequently, we do not try to time the market itself.
We’ve seen significant trend changes from 2013 through the first half of this year. These trend changes are true across both equity and fixed income classes. Last year was a tough year for bonds with the 10-year Treasury moving from
MLPs are limited partnerships that are publicly traded. They are generally in the energy infrastructure industry. They have high income yields and preferential tax treatment, but they increase income tax complexity and require a Schedule K-1. They are generally only
The Federal Reserve has two specific objectives with regard to monetary policy, price stability and full employment. These two mandates can sometimes be conflicting, so it’s important to review both to see which side policy will likely favor. Ben Bernanke set
Gross Domestic Product gained solid momentum in the 2nd half of 2013 running at an annualized 3.4% rate. The National Association of Business Economics (NABE) consensus forecast for 2014 is 2.8% . That compares favorably to the full year 1.9%