2014 1st Quarter Commentary

2014 1st Quarter Commentary

During the quarter, equity markets experienced some volatility, although the S&P 500 Index reached yet another all-time high in March of 1,878. After showing promising strength late last year, the economy seems to have hit another soft patch. Many of the investment catalysts we had been looking for began to surface in the second half of 2013 and we believe this strength will reemerge when this harsh winter ends. We continue to position portfolios for modest economic growth, although we expect higher volatility as the year progresses.


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