Gross Domestic Product for the second quarter of 2014 rose 4%, which was better than the 3% consensus expectation among economists. EverBank Wealth Management senior market strategist Chris Gaffney tells TheStreet's Joe Deaux that while GDP was strong, investors shouldn't jump in front of the train too quickly to pile their money on the sidelines into stocks. Gaffney says that it's a good time for investors to start looking at where they may want to start investing extra cash. Gaffney also points out that investors should keep an eye on the Federal Reserve's interest rate policy.

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