January 2013 Market Commentary

The Economy

The U.S.

The economy sputters along here in the U.S., though at times offering brief glimpses of hope.  Economic data were again mixed for the month, though the economy is generally heading in the right direction.  We have now settled into winter time here in Colorado, as January brought us cold weather and short days.  Like the ephemeral January sun that gives us just a hint of warmth and encouragement, so too do the latest economic reports give us some belief in better days ahead.  Poet John Updike describes the nature of this daylight in his poem, January:      

The days are short,

The sun a spark

Hung thin between

The dark and dark…

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