Archive for May, 2011

May 2011

May 31, 2011  |   Monthly Commentary   |     |   0 Comment

As 2010 came to a close, consensus opinion was that Gross Domestic Product would expand at a 3% to 4% annualized rate for the first six months of 2011. Now, as we enter the final month of the first half, economic growth is certain to fall short of that goal. With that outcome, we’ve been asked what happened, and if a forecast of accelerating growth continues to drive our portfolio construction. The question is especially ...