Advocacy Investing® Portfolio Strategies, Issue 60

BETTER BY THE MONTH

• A strong rebound in 2Q14 from the winter doldrums

• Robust payroll numbers point to solid labor market improvements, with unemployment heading down to 5.5% by year-end

• Fed policy: “steady-as-she goes”, with an eye to a possibly earlier U.S monetary tightening

• Economy on path to above-trend growth in the next few quarters

• Sharp July month-end correction reflects markets on a knife-edge, spooked by monetary policy uncertainties-goodbye to Goldilocks!

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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