Monday was a holiday in the U.S. so investment markets were closed. This one day holiday provided investors some relief from a market that is only six weeks into 2014. Investors have navigated a volatile equity market beginning with a January where the S&P 500 Index decline 3.46% and so far in February the price only return for the S&P 500 Index is a positive 3.14%. It seems these mid single digit market pullbacks are becoming more the norm than the exception.
From an earnings perspective, fourth quarter 2014 earnings growth is averaging a little over 8% according to Factset Research. The one area of weak growth for the 387 companies that have reported is on the revenue side. S&P Dow Jones Indices is reporting that revenue growth is approximately 1.2%. Below is the link to The Week Ahead magazine with timely topics for this shortened trading week.