September 8, 2014 - Headlines Summary: While Friday’s employment report was disappointing, most other labor market indicators remain very upbeat (including small businesses’ hiring plans, temporary employment, job openings, and jobless claims). Meanwhile, the ISM manufacturing and non-manufacturing surveys were both very encouraging. The European Central Bank should also support risk assets with their announcement to further cut interest rates and by revealing plans for quantitative easing. We remain most favorable on the Technology, Energy and Financial sectors as we see overly bearish profit growth assumptions for these sectors while valuation remains reasonable. Click here for the full Weekly Bulletin.
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