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Eagle Asset Management - Will Fed Accommodation Ebb?

Posted by WrapManager's Investment Policy Committee
August 8, 2013

Portfolio Manager Richard Skeppstrom explains why he's continuing to hold his ~60% allocation to equities moving forward.

"June jobs, reported July 5, came in stronger than expected at 195,000 and previous months were revised higher. Treasury rates exploded up to 2.725 percent. Markets, both equity and bond, interpreted the numbers as a signal that the economy is indeed stronger and Fed accommodation will ebb."

 

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