US Stocks Eke Out Modest Gain of 0.3% in First Quarter

US Stocks Eke Out Modest Gain of 0.3% in First Quarter

US stocks fell 3.6% in January, gained 6.0% in February, fell 1.9% in March for a net gain of 0.3% on the year. The dollar gained 9% YTD relative to the Euro, on top of last year's 13% rise, but stabilized in recent days. Crude oil bottomed around $46 in February, traded in a range of $45-55/barrel in recent weeks.  

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US Stocks Make 31 Record Highs in 2014, But Investors Panic During 3% Selloff

US Stocks Make 31 Record Highs in 2014, But Investors Panic During 3% Selloff

US stocks as defined by the S&P 500 made 31 record highs in 2014, most recently on July 24th.  Through Friday afternoon, stocks declined 3.3%, which is to say less than the decline of 4.2% we saw in April of this year, and decline of 5.6% in January.

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Two Explosions at Boston Marathon

Two Explosions at Boston Marathon

At about 2:45 PM EST, two explosions detonated within yards of the finish line of the Boston Marathon.  The news is not official, but from the nature of the explosions and the coincidence of the proximity to the Marathon, it would seem probable that these were bombs.  

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Stocks rest in June after the biggest quarterly return of the last 10 years

 Stocks rest in June after the biggest quarterly return of the last 10 years

The S&P 500 gained 0.2% in May and is now up 3.2% on the year.  Stocks gained 15.9% in Q2, the best quarterly result since 1998.  From the low on March 9th through quarter end, stocks generated gains of 36.9%, one of the steepest rallies of the last 80 years.

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