First Quarter 2014 Newsletter - Optivest Wealth Management

1044

wp-singular,post-template-default,single,single-post,postid-1044,single-format-standard,wp-theme-bridge,wp-child-theme-optivestdanapoint,ajax_fade,page_not_loaded,qode-page-loading-effect-enabled,,qode_grid_1200,qode-child-theme-ver-1.0.0,qode-theme-ver-11.1,qode-theme-bridge,wpb-js-composer js-comp-ver-5.1.1,vc_responsive

Newsletters

First Quarter 2014 Newsletter

US Economy –

The strength of the American economy picked up steam in the 3rd quarter of 2013 with a final GDP estimate of 4.1%, about double the average of the last few years. It is further estimated that the 4th quarter GDP (despite the short government shutdown) also exceeded 3%. Unemployment has dropped to 7.0% and consumer sentiment is back up to 82.5 (Reuters/University of M), up from a November dip of 75.1. This in turn has led the Fed to finally announce the start of tapering to their long-term interest rate support/bond buying program. This positive economic news was welcomed by Wall Street and pushed the S&P 500 further, up 32% for the year, while the yield on the 10-year Treasury bond crept back up to its high for the year, near 3%.

First Quarter 2014 Newsletter – Optivest