Economic unease and political maneuvering dominated the past quarter. In the United States, the focus was on electioneering, the impending ruling of the Supreme Court on the Obama Presidency’s health care law, and the approaching January 2013 “fiscal cliff.” As the press discussed the looming tax increases and potential spending cuts, businesses and consumers became increasingly nervous and economic activity slowed. Read the full market commentary from NIFCU$ Fund Manager, Hillary Elder, below.
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