The months ahead promise investors a challenging balance of rewards and risks.
As we approach the halfway point of 2018, investors have encountered many twists and turns. Globally synchronized economic growth has faded into U.S. dominated economic growth.
Markets have taken investors on a daily roller coaster ride like we’ve not seen in years, but this is typical for late-stage bull markets.
The term “new normal” was coined during the rubble of the 2008-2009 great financial crisis to imply that normal business cycles were a thing of the past. Today, the business cycle is back in full force and “new normal” is a thing of the past.
In this edition, we share our 2018 Outlook with you to help navigate the year ahead, but we’ll resist the temptation to make a market call.
In this holiday abbreviated version of Market Monthly we’ll recap some key themes and trends we’ve discussed throughout the year and begin setting the stage for 2018.