Surprise! 2013 Rally Pales in Comparison to 2012’s “Stealth” Rally

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  • Despite the hoopla over first quarter market performance, it paled in comparison to the first three months of 2012.
  • Driven in part by the extremely accommodative monetary policy, the U.S. economy is gaining traction, but Europe continues to flounder.
  • After their first negative print in three years during the third quarter, S&P 500 companies returned to positive earnings growth in the fourth.
  • A broad, globally diversified portfolio is the best way to balance the desire for wealth accumulation with an appreciation of volatility.

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