As the year approaches its finale, money managers are celebrating their triumphs (and minimizing any failures). The good news is that there’s ample opportunity for emphasizing the former. Barring a year-end surprise, US stocks and bonds in particular are on track to end 2014 with solid gains. Wall Street won’t be shy in taking most if not all of the credit for juicing the value of client portfolios. But let’s take a minute and recognize the primary source for the gains over the past year: economic growth

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● U.S. 3Q GDP Revised Up to 5% | Fox
● U.S. Personal Spending Rises Slightly More Than Expected In November | RTT
● U.S. Personal Income Rises Less Than Expected In November | RTT
● Durable Goods Orders in U.S. Unexpectedly Fell 0.7% in November | Bloomberg
● New-Home Sales in U.S. Unexpectedly Fall to 4-Month Low In Nov | Bloomberg
● U.S. consumer sentiment rises to highest level since 2007 | Reuters