Market Commentary

A Webcast Replay with Ron Canakaris: April 15, 2010

April 15, 2010

Despite the major rally we have experienced, attractive Fundamentals may point to higher share prices in the year ahead. Inflation and interest rates should remain low, and we expect the global recovery to continue. In addition, we anticipate that the Federal Reserve will remain accommodative in order to support the financial markets and promote economic growth. An overdue stock market correction may occur in 2010 when investors become overly enthusiastic about the market’s prospects. However, we would view that development as a bull market correction and expect the market subsequently to move higher with the global recovery. We believe the outlook for large cap grwoth stocks is very good, particularly for high quality secular growers.

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Montag & Caldwell