News & Resources
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.
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