The Steele Group’s Q3 2014 Newsletter
Updated: Jun 2, 2020
A look back at the third quarter of 2014. In recent weeks, stock markets have been volatile while investments considered to be “safe havens” have started looking attractive, at least in the short term. Investor concerns have focused on the slow pace of economic growth forecast, particularly in China, Japan and Europe, continued conflict in the Middle East.
While no one can predict how prices will move in the short term, there are a number of circumstances that remain supportive of markets, including low interest rates, strong corporate earnings, and a strengthening North American economy. For example, the U.S. economy grew at an impressive annual rate of 4.6% in the second quarter, and the unemployment rate fell below 6% in September for the first time since July 2008.