Sunday, October 27, 2013

Investor Letter: Multiple Expansion Contributing To Market Returns

Our most recent Investor Letter looks at the market's recent return and the positive influence of multiple expansion on the indexes' performance. In spite of issues surrounding the budget and debt ceiling in Washington, DC, the market seems to shrug off these headline events and continue its move higher. Our newsletter looks at these recent events and the fact similar ones will grab the headlines as 2014 begins.

From The Blog of HORAN Capital Advisors

The complete Investor Letter can be accessed at our website at this link: 3rd Quarter 2013 Investor Letter.

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