Portfolio Blueprint (First Quarter 2014)

by Jim Baird on April 22, 2014

PMFA’s research team outlines our thoughts on capital markets and how current conditions are impacting decisions related to asset allocation and portfolio construction.

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April Perspectives Podcast

by Jim Baird on April 22, 2014

A new PMFA Perspectives Podcast is now available via the link below:

April Market Perspectives Podcast

Market Perspectives (April 2014)

April 14, 2014

It’s been a bumpy path to start the year for equities. Results were somewhat mixed in March, but domestic equities gained ground during the first quarter.  Intermediate bonds were relatively flat during the month but returns have kept pace with those of U.S. large cap stocks year-to-date.  The backdrop of stronger global growth expected through [...]

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Consumer Sentiment Research Notes

April 11, 2014

Consumer Sentiment rises again; reaches highest point since last July Following a string of solid economic data in the past month, the University of Michigan Consumer Sentiment Index rose more than expected in April to 82.6 after softening modestly in recent months. That result also marked the high point for the index since it reached [...]

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Jobless Claims (week of 4.5.14) Research Notes

April 10, 2014

Jobless claims fall to lowest level since May 2007 Initial jobless claims printed at 300,000 for the week ended April 5, falling sharply from a revised 332,000 for the prior week and easily beating economists’ expectations.  That result represents a post-recession low, marking the best weekly result since May 2007. The surprisingly strong result brought [...]

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March’s Employment Situation Research Notes

April 7, 2014

Job creation accelerates; unemployment rate holds steady in March The nation’s jobless rate held steady in March at 6.7%, even as nonfarm payrolls surged, providing further evidence that the economy is finding its footing in the aftermath of the winter doldrums. Nonfarm payrolls rose 192,000 in March, but coupled with upward revisions to the preceding [...]

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Economic Perspectives (March 2014)

April 2, 2014

As the impact of potential distortions from extreme weather conditions fade from economic data, the next few months should provide a better indication of prevailing economic trends.  Forecasts suggest that the first quarter of the year may be an anomaly en route to strong growth in the coming quarters. Read the full article>> 

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March’s Consumer Confidence Research Notes

March 25, 2014

Confidence rises on sharp uptick in expectations Consumer Confidence improved in March, as the labor market provided signs of awakening from its recent doldrums and optimism grew about the outlook for the economy in the coming quarters. The Consumer Confidence Index gained 4.0 from a revised 78.3 in February to reach 82.3.  That surge more [...]

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Plante Moran Engage. – 2014 Issue One

March 21, 2014

What Makes a Successful Investor? It Starts With a Plan. What is the goal of investing? In a general sense, it’s to increase purchasing power by achieving a rate of return that exceeds inflation over time. Believing that wealth can be created in this fashion drives the decision to make a sacrifice today with an [...]

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Jobless Claims (week of 3.15.14) Research Notes

March 20, 2014

Jobless claims rise less than expected Initial jobless claims rose to 320,000 for the week ended March 15, moderately better than the expected 330,000. The four-week moving average declined to 327,000, its lowest point in over three months. Stripping out the week-to-week noise in the data, the number of newly unemployed has been in a [...]

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