Bouchey Financial Group 2nd Quarter Market & Economic Review
July 16, 2014
Market Overview
With GDP declining by 2.9% in the 1st quarter, negative investor sentiment soundly in place (as show in Exhibit 1) and weakness in consumer spending, it would have been reasonable to think that the markets would perform poorly in the 2nd quarter. It turned out that just the opposite was true. Not only did all major equity indices post positive gains for the quarter as shown in Exhibit 2, so did bonds and commodities. Two asset classes demonstrating particular strength for the year have been Real Estate Investment Trusts (REITs) and Master Limited Partnerships (MLPs) which are up 16.2 % and 12.6% respectively.
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