Stock and bond markets are approaching an inflection point. The Federal
Reserve’s bond-buying program known as quantitative easing is being
steadily wound down, and the Fed is preparing for short-term interest
rates to start going up.
One of the coldest and snowiest winters in recent memory is thankfully
behind most of us. As spring unfolds across the nation, we’re getting
the first glimpse of the harsh weather’s actual impact as companies
begin to report earnings for the first quarter of 2014.
The first quarter of 2014 wraps up Monday, and we’re still pretty much
in the same position as we were back in December — looking for solid
signs that the economy is on a path toward recovery and sustainable
growth in the quarters ahead.