After the recent correction, investors are now gaining confidence; confidence in the economy continuing to grow, less worries that emerging market slowdowns will affect ours, and finally that earnings can still grow and support further stock market gains. Investors are a skittish bunch and are always looking for what is wrong with a picture, rather than what is right. Since the financial crisis, this characteristic has been heightened.

The most recent employment numbers indicate that the economy is actually quite robust. This is what Riverplace Capital has been expecting. We now expect the Federal Reserve to begin raising rates, perhaps as early as this December.

This will be a reaffirmation as to how far the economy has come since the bottom in 2009. There is no reason that growth cannot continue.

Stay steady, my friends.

the Lonely Bull