The Santa Claus Rally Continues...Ho Ho Ho!

The Santa Claus rally arrived right on cue, with US stock markets reaching new highs, and the 10 year US Treasury yield touching 3% for the first time in a long time. On top of that, the US dollar has just gotten stronger against many major currencies. One has to wonder how much more room is there for the market to rally in 2014, and will this rally finally run out of steam? On a local note, we have been struck with quite a storm, for all of you affected by the lengthy power outages, we hope you and your families have been able to find somewhere safe to enjoy the holidays. 2013 has seen many disasters for us: floods, power outages and the Fed hints of tapering. Let’s hope 2014 is less eventful!