Jeff Gundlach, one of the market’s most well-known investors, is out with his predictions for 2014. “About everything that tends to characterize the vicinity of a top in the equity market seems to be in place. The stock market is at best fully valued, maybe a little over.” (Check out all of his charts here).
U.S. GDP grew at its fastest pace in nearly two years in the third quarter of 2013 — at a 4.1% annual rate rather than the 3.6% previously reported — according to revised data released by the government Friday. Particularly, consumer spending was much higher than previously reported.