broad market gains

HFG Perspective: June

June 2, 2014

While the market hasn’t produced much in the way of gains so far in 2014, the month of May ushered in new all-time highs for the S&P 500. Sell in May, and go away? We don’t think so.

Earnings growth is not robust. Nor is economic growth. In fact, we just saw our first negative quarter of GDP since 2011. At the same time, the broad economic and corporate metrics we track continue to get better, not worse. (more…)