A softening in Europe, but strength in the US

A softening in Europe, but strength in the US

GIMReport 08-2014In our July update, we observed that the U.S. economy appeared to be in the middle stage of an expansion. Nothing in the last four weeks has happened to dramatically change that outlook on the domestic front. We were a little disappointed with June’s retail sales growth of just .2%, but think it will rebound in the months ahead. Strong average monthly job growth of 200,000-plus over the last six months overshadows the limited negative data we see. Consumers seem to be playing it relatively safe with regard to credit, which bodes well for the durability of the expansion. Meanwhile, the lending environment is improving.

Click the following link to read the complete PDF: GIM Market Commentary 08-18-2014

By | 2017-02-10T08:41:01+00:00 August 18th, 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.