Monthly Archives: November 2014

U.S. Economic Recovery Picks Up Speed as Year-End Approaches 11-21-14

Home sales bounce back in October:

Sales of existing homes rose to the highest level in a year in October, the latest sign that the U.S. housing recovery is shaking off the shock of last year’s jump in mortgage rates. The National Association of Realtors said that sales of previously-owned homes climbed 1.5% last month to a seasonally-adjusted rate of 5.26 million – the highest pace since September 2013. It was the sixth time in seven months that sales rose from the prior month. However, overall sales remain far below prerecession levels and have yet to regain their July 2013 pace of 5.38 million. Continue reading

Commentary 11-14-14

U.S. Stocks Finish the Week near Record Levels

U.S. equities pushed higher for the 4th consecutive week as the S&P 500 has rallied 9.5 percent from the six month low in October.  The rally can be attributed to better than expected corporate revenues and increasingly positive economic data.     Continue reading