Monthly Archives: October 2014

October 24, 2014 Update

  • The S&P 500 finished its best week since 2013
  • IRS provides 2015 pension plan limits – 401(k) participants can contribute $18,000 in 2015; catch-up contributions increase to $6,000
  • Social Security benefits to increase by 1.7 percent in 2015

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Volatility Returns to the Markets 10/17/2014

As we stated earlier this week:  the recent selling seems to be based on fears of slowing global growth along with the negative news regarding Ebola, Russia, Hong Kong, etc.  The IMF lowered their global growth forecast and the ECB also lowered their guidance for the European Union.  However, the underlying macroeconomic fundamentals in the U.S. still suggest the U.S. economy is very strong.  We are seeing improvement in the labor market, manufacturing, business confidence and we expect corporate earnings will continue to remain strong.  The fear is that the slowdown in growth outside the U.S. will eventually hurt U.S. corporate profits as many U.S. companies have a global footprint.  Continue reading