Halfway through the first month of 2014, stocks are already well behind their breakneck pace of one year earlier. The outlook for world economic growth appears to have improved, but sales growth and earnings growth have been stuck in the low single-digit range for the past couple quarters. It will probably take more than that to sustain investor enthusiasm in the year to come. Follow the link below to our review of last week’s stock, bond, FX and commodities market action.
Despite the unexpectedly weak new jobs report for December released by the U.S. Bureau of Labor Statistics on Friday, stock prices held their own last week. Still, in terms of stock market action, 2014 has not had the strong start that 2013 had. Follow the link below for our review of last week’s market trends.
After an extraordinary 2013, stocks have stumbled into the new year. The power of the stock market’s early going in January as a predictor of the rest of the year is fairly negligible. Still, some profit taking to start 2014 would not be too surprising in a bull market approaching its fifth anniversary. Follow the link below for our latest weekly update on stocks, bonds, FX and commodities.