1st Quarter 2014 Market Update. "There are a lot of adjectives that could be used in describing the current market, however, "calm", "objective" and "orderly" are not among them". -Jim Stack, InvesTech Research. At McCarthy Grittinger Financial Group, we believe the above quote perfectly describes the first quarter of 2014. Read More>
Economy And Market Direction. From an economic standpoint, it appears the economy is moving ahead.The ISM manufacturing data ticked higher last month, in spite of the weather, and the employment report earlier in March showed a modest gain in new jobs. Read More>
Outlook 2014. At the broadest level, the growth rate for the global economy (which the International Monetary Fund estimates at 2.9% for 2013) improved in spots over past year and seems set to increase at least modestly through 2014.
On a year-over-year basis, the U.S. economy grew at a real (i.e., inflation-adjusted) rate of around 2% in 2013 (through the third quarter), Europe finally emerged from recession, and the United Kingdom (2.6%) and Japan (2.1%) also generated modest but positive growth. Read More>