May 2012 Market Commentary

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The Economy: An Ample Supply of Bad News

The U.S.

May was simply a bad month for the U.S. economy, any way you cut it.   Since the 2008 recession, our country has been able to rebound with generally positive economic data (albeit more slowly than anyone would like).  This was not the case in May, as economic data now point to a flattening of growth in the U.S., coupled with macroeconomic events that give investors far more reason to be cautious.  All the while, events in Europe and an impending “fiscal cliff” here at home provide a darkening outlook. 

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