There is continued upward pressure on interest rates as we wind up 2013. Rates have been at 50 year lows for the last 18 months, helping Stocks to have one of their best years ever. Celebrating another all-time-high close yesterday at 1,842.02, the S&P has achieved new highs a whopping 50 times this year. Rebounding Housing and Job markets have the Fed closely monitoring their direct involvement in asset purchases probably for the next few years. 30 Year interest rates are hanging on to the 4.0-4.5% range. My guess is that these’ll rise to 4.25-4.625% by the end of next week.
Speaking of large purchases, did you know that these iconic American companies are no longer owned by Americans