Fifth Third Bank's Jonathan Reynolds feels fairly sanguine about the domestic economy for the latter end of 2013 . Although he's watching the early part of the year with a cautious eye, given the ongoing debate over taxes among lawmakers, he sees some strong signs that an economic spring is budding-from the stock market's rise through most of 2012, to the fact that the federal government is keeping interest rates low. Both are likely to help spur the economy into the new year.
"We're seeing 2013 as being two half years," says the chief investment officer of Fifth Third's investment group. "The first half will be a resolution of the fiscal cliff, with spending cuts and rising taxes that will create a drag on the economy. The second half will have more traction." And as that second half unfolds, a number of financial pundits say that banks and bank advisors will feel several effects, including increasing pressure to segment their client base; nurture client relationships as they climb the economic ladder; focus on their online efforts; and the need to be offensive.
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