Market summary: October 2013

October proved to be a month of high drama for investors as a result of the events in Washington.  The partial shutdown of the federal government and the debacle over raising the debt ceiling caused considerable uneasiness in the financial markets at times.  While seasoned experts will say that there was never a doubt that…

Market Summary: August 2013

From our Investment Department: U.S. and foreign equity markets declined modestly in August following a strong performance in the prior month.  The broad U.S. market was 2.9 percent lower at the close of August.  Non-U.S. equities declined by approximately 1.4 percent.  Bonds, which had seen significant price declines in May and June, were only modestly…