2017 Was Good for the Economy; 2018 Could be Even Better
2017 was an impressive year for equities, as many countries closed out the year at new all-time highs. The fixed income markets also responded favorably, as demand for both sovereign and corporate bonds remained strong with inflationary pressures still benign. Driving much of the impressive gains in financial markets were strong economic growth and a synchronized increase in global earnings.
In the United States, some of the most meaningful economic developments included:
GDP growth. Gross domestic product (GDP) growth saw the usual first quarter weakness, coming in at only 1.4%. Things turned around in the second an... Read more