Tucked away in a quiet corner of the capital markets, municipal bonds
are enjoying a stealthy but stellar 2014.
As we watch the gold price now, what we are mostly hoping to see is
stability after a period of higher-than-normal volatility for a
notoriously volatile asset class.
This week we pass the midway point of the second-quarter earnings season
for the Standard & Poor’s 500 index. What we’ve seen so far has been
quite good in terms of both revenue growth and earnings growth.
Punishing Moscow for actions in Ukraine could hurt Europe’s economic
recovery, but more monetary stimulus might ease some of the sting.
We’re still early in earnings season for the second quarter, but if the
yardstick of success is companies posting better-than-expected results,
we’re off to a strong start.