Merry Christmas from Santa (Janet Yellen)

Yesterday afternoon, the markets were given an early Christmas gift in the form of dovish comments from the Fed. The Fed said they would not raise rates for a couple of quarters. This, combined with lower oil prices, creates stimulus to personal spending which sent the stock market flying. The recent 5% sell off put stocks in a position where they were back to reasonable valuations and all this good news provided a recipe for a great Christmas gift to the equity markets.

Granite Group believes that equity markets will put in another positive year in 2015.  If the markets slide a bit into year end, there will be more decent entry points. If the markets continue to rise into year end, Granite Group expects a little pullback early in the year setting up another good entry point. Either way, buying on pullbacks is the course of action.

You can follow Granite Group Advisors on LinkedIn and learn more about our Wealth Management and Corporate Retirement Services on our Website.

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