Market Overview Q4 2014

01.20.2015 By

From our latest Investment Newsletter…

Last quarter we noted the growing dichotomy between the economic health in the U.S. relative to other major world economies. This divergence became even more apparent this quarter. From an American perspective, the latest GDP data reveals that growth accelerated at the fastest pace in 11 years and robust employment gains pushed unemployment rates to multi-year lows. As expected, with the economy seemingly firing on multiple cylinders, the U.S. Federal Reserve ceased its asset-purchase program and reiterated its intention to normalize interest rates, albeit in a patient way.

Read our full account of the quarter here

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