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Uncertainty Creates Opportunity


As the third quarter ended, equity markets pulled back from the record levels reached earlier in September. The pullback was in reaction to uncertainty regarding Congress’ potential inaction on the Federal budget and debt ceiling, the potential military action in Syria, and inconclusive economic growth data. While August saw a pullback in the markets, the surprise decision by the Fed to continue its easing program, counter to the expectation that it would begin to taper, caused the equity markets to push higher. The 10-Year Treasury experienced a 0.14 percentage point drop…

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