Commentary: 3Q2014 Quarterly Market Economic Review

Reflecting on the first three-fourths of 2014, the U.S economy and the U.S. stock market have, to a large degree, gone in very different directions. The economy has made positive progress on many fronts: gross domestic product (GDP) growth, job creation / reduction in the unemployment rate, etc. U.S. stock market indices, on the other hand, have turned in a disappointing year and have sold off sharply starting in late September. Most U.S. stock indices are now in negative territory for the year after posting huge gains last year.

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