November 23, 2015 - Stocks had their best week of the year as the Federal Reserve signaled that the economy is strong enough to justify raising interest rates. We remain encouraged by US economic fundamentals. The majority of labor market indicators are showing signs of strength while inflation is low with gasoline prices close to 7-year lows. Consumer net worth is at all-time highs with confidence improving. Global retail sales accelerated during the third quarter while eurozone businesses reported the fastest rates of growth in business activity and employment for four-and-a-half years in November. This provides a positive backdrop for the economy and stocks as we head toward year end.
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