As we enter 2014 we see continued stimulus by the FED that is likely to keep interest rates from rising significantly this year. Although many of the risks we faced in recent years are still on the table, we have seen improved employment figures and rising consumer confidence that is creating a more optimistic outlook for 2014.
This is not to say that market risk is low. In fact, most measures of market value point to a market that is poised for at least a modest correction this year. It has been over two years since we have had a 10% market correction, which is normal, healthy, and long overdue.