Perhaps the biggest surprise of 2014 is the collapse of oil prices.  In June crude was around $110/barrel.  At one juncture yesterday, prices were around $65/barrel following a 2 day 10% plunge, the result of the OPEC meeting where production was not cut....

Welcome to December.  According to Bloomberg the S & P 500 has advanced each December for the past six years.  Will 2014 make it seven?...

Today third quarter GDP is revised. Consensus is now expecting third quarter growth to be 3.3% versus the previously reported 3.5% rate.  Is this of any significance?...