Wealth Management Blog | WrapManager

Many Investors May Have Missed the Rally - Roosevelt Investments

Written by Michael J. O'Connor | February 27, 2012

Roosevelt Investments' February market commentary looks at the improvements in the US economy and how many investors have missed the current rally in the market. "It has now been eighteen straight weeks that the U.S. economy has been on an improving trajectory as indicated by macroeconomic data, including ISM surveys, durable goods orders, regional Fed surveys, and consumer sentiment. Given that consumer spending is a disproportionate driver of our economy, labor statistics are also of critical importance. On this front, unemployment claims have been steadily declining, as layoffs have fallen with improved activity and better sentiment by employers. New claims are now at the lowest level since April 2008, and the unemployment rate has fallen to 8.3%."