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Market Thoughts 10.10.13
Eric Freedman CAPTRUST Chief Investment Officer
Capital markets raced higher today on the prospect of a deal to raise the debt ceiling, albeit temporarily. While no deal emerged by the end of U.S. trading, investors seemed to discount that a compromise is in the works, with news reports that a bill to raise the debt ceiling could emerge as early as this Friday, October 11. We look forward to a resolution, but remind investors to look through the short-term “noise” surrounding the debt ceiling as the debate will likely reemerge later this year.
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Personal financial challenges like credit card debt, the cost of education, and saving for retirement have a meaningful impact on overall employee performance. This stress can lead to employee absenteeism, lost productivity, and health issues.
We are pleased to announce that the Winter 2019 issue of VESTED, CAPTRUST’s magazine for clients and friends, is now available. Subscribing clients will receive their copies in the mail next week. If you are interested in receiving VESTED Magazine, please let us know via email.