Reading the Balance Scales

Reading the Balance Scales

GIM Report 06-2014In recent newsletters we have been explaining our expectations for a moderate, but sustainable and accelerating, U.S. and global recovery this year – something we have called the Big Thaw. Data continues to support this view, with May’s U.S. employment report showing the economy added 217,000 jobs for the month, slightly beating expectations. The unemployment rate stayed steady at 6.3%. U.S. auto sales rose 11% over May 2013 and the Federal budget deficit shrank by $9 billion compared to a year earlier. This environment should provide continuing support for U.S. and foreign equities, and we expect it will at some point initiate an upturn in global bond yields. We are beginning to see encouraging signs from the global economy.

Click the following link to read the complete PDF: GIM Market Commentary 06-13-2014

By | 2017-02-10T08:41:02+00:00 June 13th, 2014|GIM Market Commentary|

About the Author:

Byron Green is the President and founder of Green Investment Management, Inc. (GIM). He developed all of GIM’s global tactical asset allocation portfolios since the firm’s inception in 1984.