Knightbridge Capital Year End Overview 2014


Q4 provided a strong end to a solid 2014 that saw its share of ups and downs. Domestic equities again rallied into year-end, providing a solid sequel to 2013’s spectacular performance. Another year of double-digit gains for domestic stocks may be a tall order, though despite two years of solid outperformance relative to nearly all other asset classes our bias continues to prefer stocks to bonds in the near- and medium-term. Fixed Income experienced mixed results during the quarter with intermediate- and long-dated Treasuries posting strong returns offset by weakness in High Yield Corporates.

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