The current economic picture is one of slow growth. The economy is moving in fits and starts but lacks momentum. The S&P 500 closed yesterday at 1885. At the end of 2013, the S&P 500 closed at 1848, meaning it has risen about 2% for the year to date. This certainly is not the robust market of 2013. Many reasons might account for slowing the growth in stocks, but overall, I’d say the stock market got ahead of itself.
