December 2014 Economic Commentary

As the clock runs down on 2014, the U.S. economic recovery has continued unabated. Global growth worries remained though weakness in external demand coupled with a higher dollar has yet to put a damper on exports. December 2014 Economic and …

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Trade Deficit Narrows in October

The U.S. international trade deficit narrowed slightly in October to $43.4bn. Exports were 1.2% higher than the previous month on strong goods shipments with capital and consumer goods seeing the largest gains. Trade Deficit Narrows in October …

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More Positive News from the Labor Market

Non-farm payrolls rose by 321,000 in November. Private-sector employment increased by 314,000. Positive revisions to prior months raised payrolls by another 44,000. Both the unemployment rate and the participation rate remained unchanged at 5.8% and 62.8%, respectively. More Positive News …

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Good News on Service Industries

The ISM non-manufacturing index rose to 59.3 in November, just shy of the post-recession high set in August. Over the past six months, the index has strengthened notably and suggests that the economy is on fine footing heading into 2015. …

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Both Personal Income and Durable Goods Increase

Personal income increased 0.2% in October. Furthermore, real personal consumption expenditures increased 0.2% as inflationary pressures remained muted. Durable goods consumption remained weak in October, posting a drop of 0.2%. Both Personal Income and Durable Goods Increase   …

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Consumer Confidence Drops Unexpectedly

In November, consumer confidence fell 5.4 points to 88.7. The earlier run-up in consumer confidence to the low to mid-90s appears to have simply been too much too soon. The economy has clearly improved and consumers sensed the improvement in …

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GDP Shifted into Higher Gear

Contrary to our expectation, U.S. Gross domestic product (GDP) grew at a seasonally adjusted annual rate of 3.9% in the third quarter. The revised rate was higher than the initially estimated rate of 3.5%. The upward revision was mainly due …

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Wall Street Journal Voices Article

Cary Street Partners Advisor Andre Pineda in the News. Engaging Non-Traditional Investors: “Whether they be minorities, women, or younger people, nontraditional investors typically come from backgrounds where they haven’t had much access to the world of personal finance. These nontraditional …

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Daniel W. Clendenin promoted to Partner

Cary Street Partners is pleased to announce the promotion of Daniel W. Clendenin to Partner/Vice President in our Fredericksburg, Virgina office. Dan Clendenin Announcement – 8 18 2014 Fredericksburg, Virginia Wealth Management 250 Executive Center Parkway Fredericksburg, VA 22401 Tel: …

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Small Cap Growth Quant Funds in the news

Cary Street Partners Tom Herrick quoted in WSJ Article Tom Herrick WSJ Article …

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