Why we’re looking beyond second-quarter GDP numbers to gain a better
understanding of the economy’s health.
Looking at the U.S. economy and investment markets, the first half of
2014 was as notable for what didn’t happen as for what did.
2014 is shaping up to be a year defined by mergers and acquisitions on
Although high demand has seen municipal bond prices spike and yields
drop in 2014, we believe munis remain attractive compared to other
The big question for stock investors now is not, “Is the economy
growing?” What they should be asking is, “Is the economy growing fast
enough and reliably enough to justify today's stock prices?"