U.S. economic growth continues to accelerate. The unemployment rate recently dropped from 6.3% to 6.1% with nearly every sector of the economy adding jobs. Janet Yellen and the U.S. Federal Reserve will likely continue their accommodative monetary policy even with recent signs of inflation ticking up. In addition, with the European Central Bank, Bank of Japan, and the People’s Bank of China all likely to maintain their accommodative monetary policy stances, the global investment environment remains positive. This has led to relative calmness in the equity markets despite an escalation of violence in several middle eastern countries.
| July 11, 2014