The economy is getting a bit better in the United States and the macro trajectory has begun to improve modestly: elections, the fiscal cliff and political headlines aside. At the end of November, U.S. third quarter GDP was revised higher to 2.7%. Stronger U.S. exports and an increase in inventories pushed up the number from an originally estimated 2.0%. Still, the economy’s growth is far from robust.
Click here to continue reading the market commentary.