WrapManager's Wealth Management Blog
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Granite Investment Partners - Interest Rates, Market Volatility

Posted by WrapManager's Investment Policy Committee

August 13, 2015

Granite Investment Partners provides their reflections on the second quarter. Topics discussed are mixed economic data, weaker GDP growth and the question on everyone's mind, when the Fed will raise interest rates. 


Market remains little changed amidst volatility

The market remained largely range-bound in the quarter and for the year. The S&P 500 index ended the quarter basically flat, gaining +0.28%, bringing year-to-date total return for the first half of 2015 to +1.23%. Investors remain in somewhat of a holding pattern as they continue to monitor signals from the Federal Reserve in anticipation of the end of the prolonged period of easy domestic monetary policy. Market consensus has shifted expectations for the first rate hike forward into September, albeit with a fair amount of uncertainty due to conflicting economic data signals.

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Economic/Market Outlook Granite Investment Partners

Specializing in Small Cap Growth: Granite Investment Partners

April 1, 2014
For investors seeking to add a small cap growth component to their diversified portfolio, or for those looking to replace their existing ... [+] Read More