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Market Thoughts 10.10.13
Eric Freedman CAPTRUST Chief Investment Officer
Capital markets raced higher today on the prospect of a deal to raise the debt ceiling, albeit temporarily. While no deal emerged by the end of U.S. trading, investors seemed to discount that a compromise is in the works, with news reports that a bill to raise the debt ceiling could emerge as early as this Friday, October 11. We look forward to a resolution, but remind investors to look through the short-term “noise” surrounding the debt ceiling as the debate will likely reemerge later this year.
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This April, the Charlotte Business Journal released its list of the largest financial planning firms in the Charlotte-area. “We are honored to be included on the list,” says CAPTRUST Senior Vice President and Financial Advisor Michael Blair.
“We are humbled to be recognized with [this award], and to be grouped with so many amazing organizational peers,” says Devyn Duex, financial advisor and co-president of the CAPTRUST Community Foundation.
“We make up almost 20 percent of the Barron’s Top 50 list. These are world-class professionals and very talented teams. Best of all, they are just the tip of the CAPTRUST iceberg,” said CEO Fielding Miller.