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Since the beginning of 2013, last Wednesday delivered the biggest daily move for equities, followed by continued weakness on Thursday. The two-day pullback resulted when The Federal Reserve’s minutes were read; investors are growing concerned over the ending of monetary easing, sooner than later. Nonetheless, mid-week action was followed by…

Stocks opened lower in soft trade Monday, against the backdrop of a relatively quiet earnings calendar and no major economic releases. Stocks moved higher on Friday. The NASDAQ and S&P 500 have recorded six weeks in the ‘win’ column, while the NYSE couldn’t overcome the hole it dug earlier in…

The spotlight has shifted onto Q4, 2012 corporate earnings, while Wash- ington gets a temporary respite. Be- fore reaching exhaustion, lawmaker’s buoyed stock prices, with their “best efforts” attempt to resolve the fiscal cliff issues. However, their best ef- forts fell short of a grand bargain, and failed to address…

A few weeks have passed since our last Market Perspectives publication. Since then, we turned the corner into a new year full of resolutions and excitement. Much of that excitement was part of Washington’s last-minute deal to avoid the full impact of a fiscal cliff; those so-called leaders are quite…

Many investors rely on the “wall of worry” theory but markets eventually get winded from such a climb. Keeping that hackneyed saying alive, pundits and Wall Street brokers keep pointing to a positive long-term outlook, pushing stock prices ever higher. But keep in mind, earnings have been contracting for several…

The “do-nothing” approach out of Washington has brought us to the brink of serious consequences. The extraordinary set of circumstances that result if lawmakers “do nothing” enables a game-changing set of tax hikes and spending cuts. If Congress and the White House fall short of a resolution by December 31,…