Newton’s first law of motion states that a body in motion at a constant velocity will remain in motion unless acted upon by an outside force. The first three quarters of 2014 were a period of unusual calm on Wall Street with the equity markets acting like a body in motion ascending at a steady […]
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Client Investment Letter
2013 had a healthy start with markets generally rising on the back of improved fundamentals such as higher rates of employment, better consumer sentiment and retail sales, low inflation, and the comfort of $85 billion in monthly asset purchases by the Federal Reserve keeping the system full of liquidity to drive asset prices higher. However, […]
