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August 07, 2014

2Q 2014 Market Commentary

The S&P 500 Stock Index has gained 7.1% through the end of June, including dividends, and the Barclays Intermediate U.S. Treasury Bond Index increased by 1.6% over the same time period, as interest rates in 2014 have slightly decreased.  After a strong 2013, stocks paused during the first quarter, but have continued to climb higher during the last three months.  As equity prices have increased, it has become a bit harder to find good values in the financial markets.  Nonetheless, we continue to believe common stocks are the better long-term investment, and valuations are not overly expensive in the current economic environment.  It is important that portfolios remain consistent with their asset allocation guidelines.  That does not always mean big changes, but more often involves making measured and gradual adjustments to ensure that the accounts remain properly positioned.


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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