Granite Group is pleased to announce that we have been selected by Worth Magazine to be a part of 2014 Leading Wealth Advisors. It is a great distinction and honor to be included. Below is a link to an article we wrote on hedge funds for Worth
Are the new hedge fund of funds mutual funds worth it?
You can follow Granite Group Advisors on LinkedIn and learn more about our Corporate Retirement Services and Wealth Management on our Website.
This morning retail sales for April came in well below the forecast. The commerce department reported that retail sales were up a mere 0.1% in April; and if autos and gasoline are removed, there is 0.1% drop. Is this a surprise? Many economists and forecasters blamed the weather for the dismal first quarter. Granite Group has consistently said that it is not the weather.
The US economy is certainly doing better than the poor performance of the first quarter. This performance will probably be revised into negative territory when all is said and done. Granite Group still believes in a positive return in equities this year from earnings growth at the corporate level. While these are positive, we do not believe that the slow growth in the economy has been resolved.
You can follow Granite Group Advisors on LinkedIn and learn more about Corporate Retirement Services and Wealth Management on our Website.
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