Last Friday, the Department of Labor released its nonfarm payroll report for the month of January.
In 2013, floating rate bank loans demonstrated a healthy resilience to interest rates during a volatile year for fixed income.
2014 has begun with a decline in global risk assets that is shaking out some of the overwhelming bullish consensus for the year by the collective investment community.
The S&P 500® Index (SPX) staggered through the month of January, declining 3.56% to a January 31 close of 1782.59.
Past performance is not a guarantee of future results.
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