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December 06, 2013

Equities moved higher continuing to build on a strong first half of the year

The S&P 500 Stock Index has gained 19.9% this year, including dividends, and the Barclays Intermediate U.S. Treasury Bond Index has decreased by 0.9% as interest rates have climbed slightly throughout this year.   Equities moved higher over the past quarter, continuing to build on a strong first half of the year.  Bonds prices were relatively steady during the past three months, and yields are still quite low by historical standards.  However, the government shutdown and debt ceiling discussions have caused volatility in the markets recently.  This uncertainty warrants caution, and we are limiting interest rate risk and credit risk.  We continue to believe that investing in the equities of high quality and economically strong companies across economic sectors at reasonable valuations should continue to be the proper strategy going forward.


This information is for general use and does not constitute individual investment, legal or tax advice. Investments involve risk and an investor may incur a profit or loss. Past performance is not indicative of future results. Investment products: Are Not FDIC Insured, May Lose Value, and Are Not Bank Guaranteed.

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