Santa Claus Rally and Lump of Coal in 4Q EPS

Main content

Well, the markets sure delivered a Santa Claus rally. Those sleigh bells were ringing big for small cap stocks up 4 percent for the month and an astounding 11 percent for the quarter! The rally carried some coal in the stocking as fourth quarter corporate earnings estimates were slashed from 9 percent to 2.6 percent, led by carnage in the energy sector. Fundamentals drive markets so we advise investors to be effectively diversified going into 2015. Please see Global Perspectives Effective Diversification on page 5 of the Global Perspectives book.

Footer content