From Jason Trennert at Strategas Research Partners:
In a quarter that featured a rare and contentious debate on raising America’s debt ceiling, a downgrade of the world’s risk free asset, an intensifying sovereign debt crisis in Europe, an earthquake, near-constant hectoring of millionaires, billionaires, and corporate jet owners, a hurricane, and an obscure federal agency’s lawsuit against the country’s 17 largest banks, it wouldn’t be hard for anyone in the money management business to feel like they were living through a bad dream, a cruel practical joke, or some supreme Providential test.Read Full Article »
