Guggenheim's Weekly Macro View Commentary

Passing the Wall of Worry

Approaching December, it is worth taking a closer look at recent U.S. stock market performance for a clearer indication of where we might be headed. There has been much talk lately of 2013’s year-long equity rally, but taking a more granular view yields a more nuanced version of events. The U.S. stock market enjoyed gains during the first four months of 2013, but then, in the midst of the “rally,” between the highs of May and the lows of October, stocks posted a 1 percent loss and heightened volatility.  Click here to read more.