Last month, we voiced our expectations that investors would continue to witness a moderate but sustainable global recovery as we move through 2014 – what we called The Big Thaw. Since then, new developments have mostly supported this view. In the U.S., the economy added 288,000 jobs in April, beating expectations and bringing the unemployment rate down to 6.3%, its lowest point since 2008.
Click the following link to read the complete PDF: GIM Market Commentary 05-16-2014
