Again in September, the S&P500 was essentially flat for the month. Year to date was +6.08% and trailing twelve months was +12.93%. Oil continues to trade in the high $40’s/bbl, while gold is once again in the low $1,300’s/oz.
The markets performed remarkably well the first half of 2014 despite dismal economic activity and continued geopolitical drama around the world. All major equity markets around the globe posted gains except for Japan and Hong Kong. The S&P 500 gained +5.23% in the quarter leaving year to date gains at +7.14%. The market gains were[…]