PMC Market Commentary: February 28, 2014

A Macro View – Murky Picture

Here we are two months into 2014 and markets have moved remarkably little. Bonds yields may have declined a tad more than expected in the United States while emerging and international equity markets have lagged more than many had predicted a few months ago. No matter. This has been a staid time in the markets, the daily drumbeat of the financial media trying to create a story notwithstanding.