Market Analysis Video – August 2013

Stocks pulled back in August. The S&P 500 Index lost -2.9% while the foreign stocks of the MSCI EAFE Index fell -1.3%. After significantly lagging in the first half of the year, it was the second consecutive month of outperformance for foreign stocks relative to their domestic counterparts.

Since early July, investors have taken a noticeable interest in Europe, which is not surprising given the significant discount at which European-based companies trade relative to U.S.-based firms. The key to our strategy in Europe is to focus on large-cap, multi-national companies that sell across the globe…

Please watch the video below for our complete Market Analysis.

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