Market Commentary – Fourth Quarter 2014

Happy New Year as the equity markets usher out a prosperous 2014. The old year ended on solid gains albeit with a number of volatile swings throughout the past 12 months. Stocks consistently bounced back from every 5%-10% correction to gain back all lost ground and rise to newer highs. For 2014 the Dow Jones Industrial Average and the S&P 500 Index climbed 7.52% and 11.39% respectively, a good bit higher than the 3rd quarter performances of 2.8% and 6.7%…