U.S. companies continue to take advantage of low interest rates to raise
additional capital through bonds. The question becomes: How do they
intend to spend that cash?
The U.S. economy is gaining strength, and now the housing sector has
joined the recovery.
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.