June 30, 2014
By Peter Bower
At the beginning of this year, we made the observation that “good markets usually follow great markets.” 2013 certainly was a great year; and so far so good as to this year. The broad market has put in a very respectable performance so far this year. The S&P 500 is up close to 6%.
Adages do not make up for research and discipline, but it is fun when both point to similar outcomes. Our view for the rest of this year is positive because economic fundamentals continue to broaden and gather strength. As always, something major can come out of the blue and change the course of both the economy and stock prices, but absent such an event, both should be higher by the end of the year.
the Lonely Bull
