Europe the Fly in the Ointment as U.S. Economy Buzzes

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  • While the success of the Fed’s aggressive QE program surprised the markets and the central bank…
  • …Europe hasn’t gotten the memo, continuing to dither over the scope of its asset-purchase program as recession and deflation loom.
  • Markets across the globe — with the exception of long Treasuries and domestic large cap stocks — were hard hit in the third quarter.
  • Though volatility has risen, it remains modest; investors should take this opportunity to broaden their portfolios at more attractive levels.

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