U.S. equity markets closed out 2014 by holding onto their gains in December buoyed by a strong revised third-quarter U.S. economic growth of 5.0% and statements of continued monetary support by the U.S. Federal Reserve.
In my opinion, another positive is the continuation of dramatically lower energy prices, which may be a net positive for economic growth and jobs.
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In December, the stock market experienced higher volatility environment with a minor selloff in the middle of the month.
However, toward the end of the month the Dow Jones Industrial Average broke through the 18,000 market and the S&P 500 Index finished the year on a strong note.
Developed international and emerging markets are still experiencing weak economic growth bordering on recessions that continue to prompt ultra loose monetary policy around the globe.
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