2014 to 2015

The US equity market did slightly better than we expected for 2014.   All through 2014, almost every time stocks were at a point of over valuation, we have seen pullbacks. Granite Group feels that the current S&P 500 valuation is slightly overvalued in the short term. We believe that trend should continue which would translate to another pullback coming in January 2015. We are expecting single digit returns in 2015 for the S&P 500.

As for bonds, we expect the Fed to raise short term rates at some point during the year.  The 10 year treasury yield will certainly move a bit higher through the year, which means lower prices on bonds‎.

As always, please consult you advisor before taking any action or we encourage you to call us directly.

Happy New Year!

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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