November 24, 2014 - Headlines Summary: Stocks made new highs again last week as China’s central bank surprised investors by lowering interest rates in an attempt to stimulate faster growth. Europe’s central bank also indicated that they will do more to stimulate growth. Meanwhile, the U.S. economic data continues to show an economy that is growing without overheating. The U.S. and global economy should also significantly benefit from the 30% tumble in oil prices since mid-year which raises household purchasing power. In this low growth, low inflation, easy monetary policy environment, we continue to favor stocks over bonds and cash. Click here for the full Weekly Bulletin.
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