Research & Market Insights

02.15 2013

January 2013 Market Commentary

Economy The pace of positive economic data weakened in January. While some reports have been relatively healthy, negative surprises such as home sales and Q4 GDP weighed on the economy. The first estimate of fourth quarter GDP revealed that the US economy contracted 0.1% during the period. This was the first contraction in more than…

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01.29 2013

Drew Kanaly on Fox Business “Markets Overdue for a Correction?”

On January 23, Drew Kanaly offered his market outlook and weighed in on the possibility of a pullback. Kanaly explained that technically speaking the market should be due for a correction unless fundamentals continue to remain strong.  Kanaly Trust suggests investing in global equities such as emerging markets and to avoid long maturity fixed-income. Watch…

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01.14 2013

December 2012 Market Commentary

Economy The pace of positive economic data remained strong but fluid in the fourth quarter. Volatility was partially the result of Hurricane Sandy, as the storm wreaked havoc on a number of economic data series and normal business activity was severely disrupted. One such indicator was retail sales, which bounced back in November posting a…

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01.03 2013

Summary of Key Provisions of the Fiscal Cliff Deal

At approximately 1:30 a.m. on January 1, 2013, the Senate passed a bill to avoid the fiscal cliff by a vote of 89 to 8.  This bill, titled the American Taxpayer Relief Act of 2012, then went before the House and was passed later that evening by a vote of 257 to 167.  The “compromise”…

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01.03 2013
Market Reaction

Market Reaction to Fiscal Cliff Deal

Markets rallied strongly on Wednesday in reaction to the last minute deal to avert the worst of the so-called fiscal cliff.  The Nasdaq rose 3% and the S&P 500 rose 2.5%.   As you can see on the chart below, the move takes the S&P 500 back near the September highs, which of course was before…

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12.13 2012

November 2012 Market Commentary

Economy The pace of positive economic data remained strong in early November but weakened toward month end. This was partially the result of Hurricane Sandy which hit the East Coast in late October/early November. The storm wreaked havoc on a number of economic data series and normal business activity,  including retail sales (contracted by 0.3%) and manufacturing…

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12.07 2012

2012 Year-End Planning Considerations

For 2013, January 1st is much more than the start of a new year.  The champagne and streamers are accompanied by many changes in tax provisions and the potential for automatic across-the-board spending cuts. For months we have been inundated with news about the ominous fiscal cliff.  We cannot turn on the television, open a…

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