I have told the folks I have met with 2014 is going to be a tough one. Based on what we know now, by the time we are blowing horns and drinking champagne on New Year’s Eve, the US stock markets should be slightly positive for the year. Obviously, a lot can change over the next 12 months, but there aren’t any tea leaves suggesting an imminent economic collapse or sharp drop in corporate earnings, at least not in my cup. Still, there will, or should be, a fair amount of volatility, which could be gut-wrenching at times.
If I have said this once, I have said it on no fewer than 20 different occasions. Thus far, although only one month into the new year, I have gotten the gut-wrenching part right. The slightly positive? Not so much, but we still have 11 months left to go…Read On…
The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.