The S&P 500 rose to erase losses incurred at the start of 2014, thanks to a bank rally and an increase in the World Bank’s global growth forecast. “It’s a true, cyclical, macro upswing that’s broad-based,” Jerry Braakman, chief investment officer of First American Trust in Santa Ana, California, said. “People who have reported have posted really solid numbers, specifically yesterday’s JPMorgan and today with BofA. Just tells us that when the banks are doing well, the economy is going well.”
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: