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QUARTERLY REPORT: Fourth Quarter 2012

January 29th, 2013

A New Year brings forth thoughts of renewal and reflection, but it also means the end of another year and another quarter. As we look back and reflect on 2012, it is hard not to acknowledge the ups, downs and overall excitement. 2012 saw London host the summer Olympics and here at home we concluded the political marathon that is the US Presidential election. The European financial crisis was in full swing and the constant uncertainty of the looming Fiscal Cliff was only briefly overshadowed by the “Mayan Apocalypse” that never was. Tax uncertainty has not fully alleviated and has carried itself into 2013. 2012 was, however, a good year for stock markets around the globe; positive returns were in double-digits in all major stock market asset classes, which is a great way to close out last year.

 

The US unemployment rate consistently declined throughout last year (down to 7.8%) bringing hope that more Americans are finding jobs and the GDP estimate was revised to reflect “better than expected” output. Inflation remains consistent and in-check, and the 10-year Treasury Note finished 2012 holding steady at its historical low yields.

 

Petersen Hastings News

 

As a reminder, please visit our web resource “InSights” at the newly improved Petersen Hastings website (www.petersenhastings.com) for other important Petersen Hastings news and further in-depth market commentary.

 

We are pleased to announce Kelly Custer and Matthew Petersen will be joining the Petersen Hastings team in January of 2013.  Kelly received a Bachelor of Science degree in Organizational Communication from Corban College.  She is relocating from Spokane where she was working at a National Financial Services firm.  Matthew received a Bachelor of Arts degree with concentration in English Literature from the University of Oregon.  He recently finished an internship with fellow Zero Alpha Group firm, Savant Capital Management in Rockford, Illinois.

 

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